TEAF (Tortoise Essential Assetsome Term) Total Assets : $230.35 Mil (As of Nov. 2024)

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What is Tortoise Essential Assetsome Term Total Assets?

Tortoise Essential Assetsome Term's Total Assets for the quarter that ended in Nov. 2024 was $230.35 Mil.

During the past 12 months, Tortoise Essential Assetsome Term's average Total Assets Growth Rate was 2.30% per year. During the past 3 years, the average Total Assets Growth Rate was -4.00% per year. During the past 5 years, the average Total Assets Growth Rate was -3.20% per year.

During the past 6 years, Tortoise Essential Assetsome Term's highest 3-Year average Total Assets Growth Rate was -2.60%. The lowest was -4.00%. And the median was -2.90%.

Total Assets is connected with ROA %. Tortoise Essential Assetsome Term's annualized ROA % for the quarter that ended in Nov. 2024 was 4.51%. Total Assets is also linked to Revenue through Asset Turnover. Tortoise Essential Assetsome Term's Asset Turnover for the quarter that ended in Nov. 2024 was 0.03.

Tortoise Essential Assetsome Term Total Assets Historical Data

The historical data trend for Tortoise Essential Assetsome Term'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.

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Tortoise Essential Assetsome Term Total Assets Chart

Tortoise Essential Assetsome Term Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Total Assets

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246.11

260.15

251.24

225.07

230.35

Tortoise Essential Assetsome Term Semi-Annual Data
	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Total Assets	Get a 7-Day Free Trial							251.24	240.64	225.07	221.82	230.35

Tortoise Essential Assetsome Term 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.

Tortoise Essential Assetsome Term'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 )
	=	198.077	+	32.273
	=	230.35

Tortoise Essential Assetsome Term'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 )
	=	198.077	+	32.273
	=	230.35

Tortoise Essential Assetsome Term (NYSE:TEAF) Total Assets Explanation

Total Assets is connected with ROA %.

Tortoise Essential Assetsome Term'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 )
	=	10.194	/	( (221.82	+	230.35)	/ 2 )
	=	10.194	/	226.085
	=	4.51 %

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.

Tortoise Essential Assetsome Term'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 )
=	5.781	/	( (221.82	+	230.35)	/ 2 )
=	5.781	/	226.085
=	0.03

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.

Tortoise Essential Assetsome Term Total Assets Related Terms

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Tortoise Essential Assetsome Term Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Essential Assets Income Term (NYSE:TEAF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5901 College Boulevard, Suite 400, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Essential Assets Income Term is a USA-based non-diversified, closed-end management investment company. Its investment objective is to provide common shareholders with a high level of total return with an emphasis on current distributions.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Katherine Moore	officer: President, other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director, other: MEMBER, INVESTMENT COMMITTEE	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: CFO, PFO & TREASURER	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gregory Daniel Murphy	other: Member of Investment Committee	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Prashanth Prakash	other: Member of Investment Committee	15 RIVER ROAD, WILTON CT 06897
Lamaze Jean-hugues De	other: Member of Investment Committee	C/O 5100 W. 115TH PLACE, LEAWOOD KS 66211
Maneesh Jhunjhunwala	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gary Paul Henson	other: DIR.; MEMBER OF INV. COMM.^	5100 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211