Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Effective Interest Rate on Debt % : 6.30% (As of Nov. 2023)

Tortoise Energy Independence Fund, Effective Interest Rate on Debt % Chart

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								1.90	2.03	4.49	6.56	6.30

Competitive Comparison of Tortoise Energy Independence Fund,'s Effective Interest Rate on Debt %

For the Asset Management subindustry, Tortoise Energy Independence Fund,'s Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s Effective Interest Rate on Debt % falls into.

Tortoise Energy Independence Fund, Effective Interest Rate on Debt % Calculation

Tortoise Energy Independence Fund,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

where

Tortoise Energy Independence Fund,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

where

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tortoise Energy Independence Fund,  (NYSE:NDP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Tortoise Energy Independence Fund, Effective Interest Rate on Debt % Related Terms

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