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NXG (Cushing NextGen Infrastructureome Fund) Total Assets : $233.16 Mil (As of Nov. 2024)


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What is Cushing NextGen Infrastructureome Fund Total Assets?

Cushing NextGen Infrastructureome Fund's Total Assets for the quarter that ended in Nov. 2024 was $233.16 Mil.

During the past 12 months, Cushing NextGen Infrastructureome Fund's average Total Assets Growth Rate was 59.40% per year. During the past 3 years, the average Total Assets Growth Rate was 4.80% per year. During the past 5 years, the average Total Assets Growth Rate was 6.70% per year.

During the past 8 years, Cushing NextGen Infrastructureome Fund's highest 3-Year average Total Assets Growth Rate was 8.50%. The lowest was -0.50%. And the median was 4.10%.

Total Assets is connected with ROA %. Cushing NextGen Infrastructureome Fund's annualized ROA % for the quarter that ended in Nov. 2024 was 41.96%. Total Assets is also linked to Revenue through Asset Turnover. Cushing NextGen Infrastructureome Fund's Asset Turnover for the quarter that ended in Nov. 2024 was 0.21.

Cushing NextGen Infrastructureome Fund Total Assets Historical Data

The historical data trend for Cushing NextGen Infrastructureome Fund's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cushing NextGen Infrastructureome Fund Total Assets Chart

Cushing NextGen Infrastructureome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Total Assets
Get a 7-Day Free Trial 137.94 202.60 194.19 146.28 233.16

Cushing NextGen Infrastructureome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 194.19 156.68 146.28 163.08 233.16

Cushing NextGen Infrastructureome Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Cushing NextGen Infrastructureome Fund's Total Assets for the fiscal year that ended in Nov. 2024 is calculated as

Total Assets=Total Equity (A: Nov. 2024 )+Total Liabilities (A: Nov. 2024 )
=177.964+55.199
=233.16

Cushing NextGen Infrastructureome Fund's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets=Total Equity (Q: Nov. 2024 )+Total Liabilities (Q: Nov. 2024 )
=177.964+55.199
=233.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cushing NextGen Infrastructureome Fund  (NYSE:NXG) Total Assets Explanation

Total Assets is connected with ROA %.

Cushing NextGen Infrastructureome Fund's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %=Net Income (Q: Nov. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=83.13/( (163.077+233.164)/ 2 )
=83.13/198.1205
=41.96 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Cushing NextGen Infrastructureome Fund's Asset Turnover for the quarter that ended in Nov. 2024 is

Asset Turnover
=Revenue (Q: Nov. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=42.191/( (163.077+233.164)/ 2 )
=42.191/198.1205
=0.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Cushing NextGen Infrastructureome Fund Total Assets Related Terms

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Cushing NextGen Infrastructureome Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cushing NextGen Infrastructure Income Fund (NYSE:NXG) » Definitions » Total Assets
Comparable Companies
GF MSD MRCC PCQ MHF IDE NRO BXSY PIM CIK BLK BX KKR OSTO:INVE A TSX:BAM APO TSX:BN LSE:III AMP XSWX:PGHN
Traded in Other Exchanges
N/A
Address
4925 Greenville Avenue, Suite 1310, Dallas, TX, USA, 75206
Website
https://www.nxgim.com/index.html
Cushing NextGen Infrastructure Income Fund is a closed-end investment management company. Its investment objective is to seek a high total return with a focus on current income. The Fund invests at least 80% of its net assets in a portfolio of equity and debt securities of infrastructure companies, including energy infrastructure companies, industrial infrastructure companies, sustainable infrastructure companies, and technology & communication infrastructure companies.
Executives
Todd Sunderland other: Adviser COO 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
John Alban officer: CFO and Treasurer THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Andrea Mullins director 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Jerry V Swank officer: CEO and President, other: Trustee, Chairman of the Board 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Blake Nelson officer: Chief Financial Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Mark Rhodes officer: President 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Mathew Calabro officer: Chief Compliance Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
John M. Musgrave other: Adviser Managing Partner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Hari Kusumakar other: Portfolio Manager 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Alex Palma other: Portfolio Manager 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline other: Trustee 5101 TENNYSON PARKWAY, PLANO TX 75024
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882