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Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Debt-to-Asset : 0.13 (As of Nov. 2023)


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What is Tortoise Energy Independence Fund, Debt-to-Asset?

Tortoise Energy Independence Fund,'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Tortoise Energy Independence Fund,'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $8.80 Mil. Tortoise Energy Independence Fund,'s Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was $68.16 Mil. Tortoise Energy Independence Fund,'s debt to asset for the quarter that ended in Nov. 2023 was 0.13.

Tortoise Energy Independence Fund, Debt-to-Asset Historical Data

The historical data trend for Tortoise Energy Independence Fund,'s Debt-to-Asset 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.

Tortoise Energy Independence Fund, Debt-to-Asset Chart

Tortoise Energy Independence Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Asset
Get a 7-Day Free Trial 0.30 0.14 0.05 0.05 0.13

Tortoise Energy Independence Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.05 0.14 0.13

Competitive Comparison of Tortoise Energy Independence Fund,'s Debt-to-Asset

For the Asset Management subindustry, Tortoise Energy Independence Fund,'s Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tortoise Energy Independence Fund,'s Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s Debt-to-Asset falls into.


Tortoise Energy Independence Fund, Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tortoise Energy Independence Fund,'s Debt-to-Asset for the fiscal year that ended in Nov. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 8.8) / 68.156
=0.13

Tortoise Energy Independence Fund,'s Debt-to-Asset for the quarter that ended in Nov. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 8.8) / 68.156
=0.13

* 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.

Tortoise Energy Independence Fund,  (NYSE:NDP) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tortoise Energy Independence Fund, Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Tortoise Energy Independence Fund,'s Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Debt-to-Asset
Comparable Companies
NMS LRFC CEE GEG NBW FAM EEA JMM RSF PNF BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
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

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