Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Accounts Payable & Accrued Expense : $0.13 Mil (As of Nov. 2023)

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What is Tortoise Energy Independence Fund, Accounts Payable & Accrued Expense?

Tortoise Energy Independence Fund,'s quarterly accounts payable & accrued expense declined from Nov. 2022 ($0.13 Mil) to May. 2023 ($0.12 Mil) but then increased from May. 2023 ($0.12 Mil) to Nov. 2023 ($0.13 Mil).

Tortoise Energy Independence Fund,'s annual accounts payable & accrued expense declined from Nov. 2021 ($1.88 Mil) to Nov. 2022 ($0.13 Mil) and declined from Nov. 2022 ($0.13 Mil) to Nov. 2023 ($0.13 Mil).

Tortoise Energy Independence Fund, Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tortoise Energy Independence Fund,'s Accounts Payable & Accrued Expense 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 Energy Independence Fund, Accounts Payable & Accrued Expense Chart

Tortoise Energy Independence Fund, Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Payable & Accrued Expense

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0.17

0.06

1.88

0.13

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial								1.88	0.13	0.13	0.12	0.13

Tortoise Energy Independence Fund, Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Independence Fund, Inc. (NYSE:NDP) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective to seek a high level of total return with an emphasis on current distributions. The fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a presence in North American oil and gas fields, including shale reservoirs.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Shobana Gopal	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
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
Andrew Dakos	10 percent owner	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Aristides Fund Qp, Lp	10 percent owner	118 EAST MAIN STREET, SUITE 600, LOUISVILLE KY 40202
Aristides Fund Lp	10 percent owner	C/O ARISTIDES CAPITAL LLC, 118 EAST MAIN STREET, SUITE 600, LOUISVILLE KY 40202

Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Headlines

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By GuruFocus Research GuruFocus Editor • 05-15-2022

Bulldog Investors, LLP Acquires Shares in Tortoise Energy Independence Fund, Inc.

By GuruFocus Research • 07-19-2023

Saba Capital Management, L.P. Reduces Stake in Tortoise Energy Independence Fund, Inc.

By GuruFocus Research • 11-14-2023