Cushing� NextGen Infrastructureome Fund (Cushing� NextGen Infrastructureome Fund) Total Assets : $146.28 Mil (As of Nov. 2023)

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What is Cushing� NextGen Infrastructureome Fund Total Assets?

Cushing� NextGen Infrastructureome Fund's Total Assets for the quarter that ended in Nov. 2023 was $146.28 Mil.

During the past 12 months, Cushing� NextGen Infrastructureome Fund's average Total Assets Growth Rate was -24.70% per year. During the past 3 years, the average Total Assets Growth Rate was 2.00% per year. During the past 5 years, the average Total Assets Growth Rate was 0.30% per year.

During the past 7 years, Cushing� NextGen Infrastructureome Fund's highest 3-Year average Total Assets Growth Rate was 8.50%. The lowest was -0.50%. And the median was 3.05%.

Total Assets is connected with ROA %. Cushing� NextGen Infrastructureome Fund's annualized ROA % for the quarter that ended in Nov. 2023 was -15.76%. Total Assets is also linked to Revenue through Asset Turnover. Cushing� NextGen Infrastructureome Fund's Asset Turnover for the quarter that ended in Nov. 2023 was -0.08.

Cushing� NextGen Infrastructureome Fund Total Assets Historical Data

The historical data trend for Cushing� NextGen Infrastructureome Fund's Total Assets 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.

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Cushing� NextGen Infrastructureome Fund Total Assets Chart

Cushing� NextGen Infrastructureome Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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151.96

137.94

202.60

194.19

146.28

Cushing� NextGen Infrastructureome Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial								202.60	192.35	194.19	156.68	146.28

Cushing� NextGen Infrastructureome Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Cushing� NextGen Infrastructureome Fund's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	103.682	+	42.595
	=	146.28

Cushing� NextGen Infrastructureome Fund's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	103.682	+	42.595
	=	146.28

Cushing� NextGen Infrastructureome Fund (NYSE:NXG) Total Assets Explanation

Total Assets is connected with ROA %.

Cushing� NextGen Infrastructureome Fund's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-23.866	/	( (156.68	+	146.277)	/ 2 )
	=	-23.866	/	151.4785
	=	-15.76 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Cushing� NextGen Infrastructureome Fund's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	-11.692	/	( (156.68	+	146.277)	/ 2 )
=	-11.692	/	151.4785
=	-0.08

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Cushing� NextGen Infrastructureome Fund Total Assets Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cushing� NextGen Infrastructure Income Fund (NYSE:NXG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201

Website

https://www.cushingcef.com

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