Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Debt-to-Equity : 0.19 (As of Nov. 2023)

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What is Tortoise Energy Infrastructure Debt-to-Equity?

Tortoise Energy Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Tortoise Energy Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $72.10 Mil. Tortoise Energy Infrastructure's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $380.50 Mil. Tortoise Energy Infrastructure's debt to equity for the quarter that ended in Nov. 2023 was 0.19.

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 Energy Infrastructure's Debt-to-Equity or its related term are showing as below:

TYG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.33 Max: 0.49
Current: 0.19

During the past 7 years, the highest Debt-to-Equity Ratio of Tortoise Energy Infrastructure was 0.49. The lowest was 0.19. And the median was 0.33.

TYG's Debt-to-Equity is ranked better than
51.57% of 1016 companies
in the Asset Management industry
Industry Median: 0.195 vs TYG: 0.19

Tortoise Energy Infrastructure Debt-to-Equity Historical Data

The historical data trend for Tortoise Energy Infrastructure'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 Energy Infrastructure Debt-to-Equity Chart

Tortoise Energy Infrastructure Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.49

0.33

0.26

0.25

0.19

Tortoise Energy Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial								0.26	0.22	0.25	0.21	0.19

Competitive Comparison of Tortoise Energy Infrastructure's Debt-to-Equity

For the Asset Management subindustry, Tortoise Energy Infrastructure'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 Energy Infrastructure's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Tortoise Energy Infrastructure's Debt-to-Equity falls into.

Tortoise Energy Infrastructure Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tortoise Energy Infrastructure'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	+	72.096)	/	380.497
	=	0.19

Tortoise Energy Infrastructure'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	+	72.096)	/	380.497
	=	0.19

Tortoise Energy Infrastructure (NYSE:TYG) 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 Energy Infrastructure Debt-to-Equity Related Terms

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

Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Infrastructure Corp (NYSE:TYG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.tortoiseadvisors.com

Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Michael Charles Perry	officer: Vice President	6363 COLLEGE BOULEVARD, SUITE 100A, OVERLAND PARK KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director, 10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Brian Alan Kessens	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
Matthew Sallee	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
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
Nicholas Scott Holmes	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211