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SRV (NXG Cushing Midstream Energy Fund) Total Assets : $243.68 Mil (As of Nov. 2024)


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What is NXG Cushing Midstream Energy Fund Total Assets?

NXG Cushing Midstream Energy Fund's Total Assets for the quarter that ended in Nov. 2024 was $243.68 Mil.

During the past 12 months, NXG Cushing Midstream Energy Fund's average Total Assets Growth Rate was 127.90% per year. During the past 3 years, the average Total Assets Growth Rate was 28.10% per year. During the past 5 years, the average Total Assets Growth Rate was 17.60% per year.

During the past 8 years, NXG Cushing Midstream Energy Fund's highest 3-Year average Total Assets Growth Rate was 28.10%. The lowest was -13.70%. And the median was 7.40%.

Total Assets is connected with ROA %. NXG Cushing Midstream Energy Fund's annualized ROA % for the quarter that ended in Nov. 2024 was 34.46%. Total Assets is also linked to Revenue through Asset Turnover. NXG Cushing Midstream Energy Fund's Asset Turnover for the quarter that ended in Nov. 2024 was 0.18.

NXG Cushing Midstream Energy Fund Total Assets Historical Data

The historical data trend for NXG Cushing Midstream Energy 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.

NXG Cushing Midstream Energy Fund Total Assets Chart

NXG Cushing Midstream Energy Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Total Assets
Get a 7-Day Free Trial 73.83 115.90 122.77 106.91 243.68

NXG Cushing Midstream Energy 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 122.77 92.74 106.91 174.45 243.68

NXG Cushing Midstream Energy 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.

NXG Cushing Midstream Energy 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 )
=194.959+48.717
=243.68

NXG Cushing Midstream Energy 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 )
=194.959+48.717
=243.68

* 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.

NXG Cushing Midstream Energy Fund  (NYSE:SRV) Total Assets Explanation

Total Assets is connected with ROA %.

NXG Cushing Midstream Energy 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 )
=72.034/( (174.447+243.676)/ 2 )
=72.034/209.0615
=34.46 %

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.

NXG Cushing Midstream Energy 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 )
=37.082/( (174.447+243.676)/ 2 )
=37.082/209.0615
=0.18

* 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.

NXG Cushing Midstream Energy Fund Total Assets Related Terms

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NXG Cushing Midstream Energy Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NXG Cushing Midstream Energy Fund (NYSE:SRV) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
4925 Greenville Avenue, Suite 1310, Dallas, TX, USA, 75206
Website
http://www.cushingcef.com
NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy investments.
Executives
Jerry V Swank officer: President and CEO 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
John Alban officer: CFO/Treasurer and Interim CCO THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Todd Sunderland other: Adviser COO 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
John M. Musgrave other: Portfolio Manager 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Andrea Mullins director 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mark Rhodes officer: President 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Blake Nelson officer: Chief Financial Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Brian R Bruce director 5945 GLENDOWER LANE, PLANO TX 75093
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mathew Calabro officer: Chief Compliance Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Saket Kumar other: Adviser Managing Partner 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline other: Trustee 5101 TENNYSON PARKWAY, PLANO TX 75024
Daniel L Spears other: Partner C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206