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Cushing� NextGen Infrastructureome Fund (Cushing� NextGen Infrastructureome Fund) Equity-to-Asset : 0.71 (As of Nov. 2023)


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What is Cushing� NextGen Infrastructureome Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cushing� NextGen Infrastructureome Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $103.68 Mil. Cushing� NextGen Infrastructureome Fund's Total Assets for the quarter that ended in Nov. 2023 was $146.28 Mil. Therefore, Cushing� NextGen Infrastructureome Fund's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.71.

The historical rank and industry rank for Cushing� NextGen Infrastructureome Fund's Equity-to-Asset or its related term are showing as below:

NXG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.68   Med: 0.76   Max: 1
Current: 0.71

During the past 7 years, the highest Equity to Asset Ratio of Cushing� NextGen Infrastructureome Fund was 1.00. The lowest was 0.68. And the median was 0.76.

NXG's Equity-to-Asset is ranked worse than
61.77% of 1724 companies
in the Asset Management industry
Industry Median: 0.83 vs NXG: 0.71

Cushing� NextGen Infrastructureome Fund Equity-to-Asset Historical Data

The historical data trend for Cushing� NextGen Infrastructureome Fund's Equity-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.

Cushing� NextGen Infrastructureome Fund Equity-to-Asset Chart

Cushing� NextGen Infrastructureome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Equity-to-Asset
Get a 7-Day Free Trial 1.00 0.87 0.68 0.73 0.71

Cushing� NextGen Infrastructureome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.74 0.73 0.78 0.71

Competitive Comparison of Cushing� NextGen Infrastructureome Fund's Equity-to-Asset

For the Asset Management subindustry, Cushing� NextGen Infrastructureome Fund's Equity-to-Asset, along with its competitors' market caps and Equity-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.


Cushing� NextGen Infrastructureome Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cushing� NextGen Infrastructureome Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Cushing� NextGen Infrastructureome Fund's Equity-to-Asset falls into.



Cushing� NextGen Infrastructureome Fund Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Cushing� NextGen Infrastructureome Fund's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Equity to Asset (A: Nov. 2023 )=Total Stockholders Equity/Total Assets
=103.682/146.277
=0.71

Cushing� NextGen Infrastructureome Fund's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )=Total Stockholders Equity/Total Assets
=103.682/146.277
=0.71

* 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.


Cushing� NextGen Infrastructureome Fund  (NYSE:NXG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Cushing� NextGen Infrastructureome Fund Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Cushing� NextGen Infrastructureome Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Cushing� NextGen Infrastructureome Fund (Cushing� NextGen Infrastructureome Fund) Business Description

Traded in Other Exchanges
N/A
Address
600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201
Cushing NextGen Infrastructure Income Fund is a closed-end investment management company. Its investment objective is to seek a high total return with a focus on current income. The Fund invests at least 80% of its net assets in a portfolio of equity and debt securities of infrastructure companies, including energy infrastructure companies, industrial infrastructure companies, sustainable infrastructure companies, and technology & communication infrastructure companies.
Executives
Jerry V Swank officer: CEO and President, other: Trustee, Chairman of the Board 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Todd Sunderland other: Adviser COO 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Blake Nelson officer: Chief Financial Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John Alban officer: CFO and Treasurer THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Mark Rhodes officer: President 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Andrea Mullins director 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Mathew Calabro officer: Chief Compliance Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
John M. Musgrave other: Adviser Managing Partner 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Hari Kusumakar other: Portfolio Manager 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Alex Palma other: Portfolio Manager 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline other: Trustee 5101 TENNYSON PARKWAY, PLANO TX 75024
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
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882