Tortoise Mlp Closed Fund Cash And Equivalents
Tortoise Mlp Closed fundamentals help investors to digest information that contributes to Tortoise Mlp's financial success or failures. It also enables traders to predict the movement of Tortoise Fund. The fundamental analysis module provides a way to measure Tortoise Mlp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tortoise Mlp fund.
Tortoise |
Tortoise Mlp Closed Fund Cash And Equivalents Analysis
Tortoise Mlp's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Tortoise Mlp Cash And Equivalents | 38.91 M |
Most of Tortoise Mlp's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tortoise Mlp Closed is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
CompetitionIn accordance with the recently published financial statements, Tortoise Mlp Closed has 38.91 M in Cash And Equivalents. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The cash and equivalents for all United States funds is notably lower than that of the firm.
Tortoise Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tortoise Mlp's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Tortoise Mlp could also be used in its relative valuation, which is a method of valuing Tortoise Mlp by comparing valuation metrics of similar companies.Tortoise Mlp is currently under evaluation in cash and equivalents among similar funds.
Tortoise Fundamentals
| Return On Equity | 0.0858 | |||
| Return On Asset | 4.0E-4 | |||
| Current Valuation | 926.9 M | |||
| Shares Outstanding | 5.64 M | |||
| Shares Owned By Insiders | 0.13 % | |||
| Shares Owned By Institutions | 39.77 % | |||
| Number Of Shares Shorted | 101.39 K | |||
| Price To Earning | 3.05 X | |||
| Price To Book | 2.99 X | |||
| Price To Sales | 1.43 X | |||
| Revenue | 618.29 M | |||
| Gross Profit | 188.75 M | |||
| EBITDA | 95.3 M | |||
| Net Income | 61.48 M | |||
| Cash And Equivalents | 38.91 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 13 M | |||
| Debt To Equity | 0.70 % | |||
| Current Ratio | 1.28 X | |||
| Book Value Per Share | 7.57 X | |||
| Cash Flow From Operations | 73.73 M | |||
| Short Ratio | 4.51 X | |||
| Earnings Per Share | 12.18 X | |||
| Beta | 1.18 | |||
| Market Capitalization | 219 M | |||
| Total Asset | 878.52 M | |||
| Retained Earnings | 6.68 M | |||
| Working Capital | 22.81 M | |||
| Current Asset | 105.36 M | |||
| Current Liabilities | 82.55 M | |||
| Annual Yield | 0.14 % | |||
| Year To Date Return | 49.52 % | |||
| One Year Return | 49.67 % | |||
| Three Year Return | 25.91 % | |||
| Five Year Return | (7.50) % | |||
| Last Dividend Paid | 3.08 |
Currently Active Assets on Macroaxis
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Tortoise Fund
If you are still planning to invest in Tortoise Mlp Closed check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Tortoise Mlp's history and understand the potential risks before investing.
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