Tortoise Historical Balance Sheet

TYG Stock  USD 45.46  0.72  1.61%   
Trend analysis of Tortoise Energy Infrastructure balance sheet accounts such as Total Stockholder Equity of 415.7 M, Net Debt of 78.8 M, Accounts Payable of 0.0 or Cash of 0.0 provides information on Tortoise Energy's total assets, liabilities, and equity, which is the actual value of Tortoise Energy Infr to its prevalent stockholders. By breaking down trends over time using Tortoise Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Covid
Financial Statement Analysis is much more than just reviewing and examining Tortoise Energy Infr latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tortoise Energy Infr is a good buy for the upcoming year.

Tortoise Energy Inventory

37.41 Million

  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

About Tortoise Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Tortoise Energy Infr at a specified time, usually calculated after every quarter, six months, or one year. Tortoise Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tortoise Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Tortoise currently owns. An asset can also be divided into two categories, current and non-current.

Tortoise Energy Balance Sheet Chart

At this time, Tortoise Energy's Other Stockholder Equity is most likely to increase significantly in the upcoming years. The Tortoise Energy's current Net Tangible Assets is estimated to increase to about 774 M, while Short and Long Term Debt Total is projected to decrease to roughly 78.8 M.

Total Assets

Total assets refers to the total amount of Tortoise Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tortoise Energy Infr books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Tortoise Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tortoise Energy Infrastructure are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most accounts from Tortoise Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Tortoise Energy Infr current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, Tortoise Energy's Other Stockholder Equity is most likely to increase significantly in the upcoming years. The Tortoise Energy's current Net Tangible Assets is estimated to increase to about 774 M, while Short and Long Term Debt Total is projected to decrease to roughly 78.8 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total112.3M72.1M82.9M78.8M
Total Assets623.3M492.7M566.5M538.2M

Tortoise Energy balance sheet Correlations

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0.330.380.220.250.320.350.30.26-0.270.070.00.310.130.260.020.340.350.290.240.330.380.370.220.30.44
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Tortoise Energy Account Relationship Matchups

Tortoise Energy balance sheet Accounts

201920202021202220232024 (projected)
Total Assets455.8M569.2M623.3M492.7M566.5M538.2M
Short Long Term Debt Total146.4M154.5M112.3M72.1M82.9M78.8M
Other Current Liab(585.3K)(9.3M)(26.1M)5.2M4.7M4.5M
Total Current Liabilities585.3K9.3M1.7M7.4M6.6M6.3M
Total Stockholder Equity305.6M414.9M446.6M380.5M437.6M415.7M
Net Debt101.0M103.0M112.3M72.1M82.9M78.8M
Accounts Payable23.2M2.9M585.3K9.3M1.7M0.0
Non Current Assets Total402.1M560.0M620.2M491.4M565.1M536.8M
Non Currrent Assets Other(402.1M)(560.0M)(623.3M)(491.4M)(565.1M)(593.3M)
Other Assets52.7M871.4K320.4K308.3K277.5K263.6K
Cash And Short Term Investments141.0K483.1K301.7K408.1K367.3K665.5K
Net Receivables1.1M8.4M2.8M985.8K1.1M1.1M
Common Stock Shares Outstanding13.7M11.9M11.9M10.8M9.7M15.2M
Liabilities And Stockholders Equity455.8M569.2M623.3M492.7M566.5M538.2M
Non Current Liabilities Total101.0M103.0M1.7M72.1M64.9M61.6M
Other Stockholder Equity648.2M623.8M610.8M598.9M688.8M699.4M
Total Liab150.2M154.3M176.7M112.2M129.0M122.5M
Total Current Assets1.1M8.4M2.8M985.8K1.1M1.1M
Net Tangible Assets930.3M305.6M414.9M446.6M402.0M774.0M
Retained Earnings(342.6M)(208.9M)(164.2M)(218.5M)(196.6M)(186.8M)
Long Term Debt650.4M622.6M133.2M135.3M155.6M147.8M
Long Term Investments402.1M560.0M620.2M491.4M442.2M420.1M
Short Term Debt13.2M19.2M30.7M7.3M6.6M6.2M
Common Stock12.3K11.9K11.3K10.8K9.7K9.2K
Long Term Debt Total650.4M622.6M133.2M135.3M121.7M115.7M
Capital Surpluse835.7M697.1M648.2M623.8M561.4M617.2M
Other Current Assets(53.2M)(8.9M)320.4K(1.4M)(1.6M)(1.7M)
Net Invested Capital406.7M518.0M558.9M452.6M407.3M676.2M
Capital Stock12.3K11.9K11.3K10.8K9.7K9.2K
Short Term Investments141.0K483.1K301.7K408.1K469.3K342.2K

Currently Active Assets on Macroaxis

When determining whether Tortoise Energy Infr is a strong investment it is important to analyze Tortoise Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tortoise Energy's future performance. For an informed investment choice regarding Tortoise Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tortoise Energy. If investors know Tortoise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tortoise Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.097
Dividend Share
2.84
Earnings Share
9.76
Revenue Per Share
1.265
Quarterly Revenue Growth
(0.25)
The market value of Tortoise Energy Infr is measured differently than its book value, which is the value of Tortoise that is recorded on the company's balance sheet. Investors also form their own opinion of Tortoise Energy's value that differs from its market value or its book value, called intrinsic value, which is Tortoise Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tortoise Energy's market value can be influenced by many factors that don't directly affect Tortoise Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tortoise Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.