Tortoise Essential Assetsome Term (Tortoise Essential Assetsome Term) Debt-to-Equity : 0.12 (As of Nov. 2023)

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What is Tortoise Essential Assetsome Term Debt-to-Equity?

Tortoise Essential Assetsome Term's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Tortoise Essential Assetsome Term's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $24.00 Mil. Tortoise Essential Assetsome Term's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $200.26 Mil. Tortoise Essential Assetsome Term's debt to equity for the quarter that ended in Nov. 2023 was 0.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tortoise Essential Assetsome Term's Debt-to-Equity or its related term are showing as below:

TEAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.13 Max: 0.15
Current: 0.12

During the past 5 years, the highest Debt-to-Equity Ratio of Tortoise Essential Assetsome Term was 0.15. The lowest was 0.09. And the median was 0.13.

TEAF's Debt-to-Equity is ranked better than
65.16% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs TEAF: 0.12

Tortoise Essential Assetsome Term Debt-to-Equity Historical Data

The historical data trend for Tortoise Essential Assetsome Term's Debt-to-Equity 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 Essential Assetsome Term Debt-to-Equity Chart

Tortoise Essential Assetsome Term Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

0.14

0.15

0.09

0.13

0.12

Tortoise Essential Assetsome Term Semi-Annual Data
	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial					0.09	0.13	0.13	0.14	0.12

Competitive Comparison of Tortoise Essential Assetsome Term's Debt-to-Equity

For the Asset Management subindustry, Tortoise Essential Assetsome Term's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Essential Assetsome Term's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Essential Assetsome Term's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tortoise Essential Assetsome Term's Debt-to-Equity falls into.

Tortoise Essential Assetsome Term Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tortoise Essential Assetsome Term's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	24)	/	200.258
	=	0.12

Tortoise Essential Assetsome Term's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	24)	/	200.258
	=	0.12

Tortoise Essential Assetsome Term (NYSE:TEAF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Tortoise Essential Assetsome Term Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tortoise Essential Assetsome Term's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tortoise Essential Assetsome Term (Tortoise Essential Assetsome Term) Business Description

Industry

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

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 Essential Assets Income Term is a US-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