Tortoise Long Term Debt vs Net Tangible Assets Analysis

TYG Stock  USD 43.76  1.44  3.19%   
Tortoise Energy financial indicator trend analysis is much more than just breaking down Tortoise Energy Infr prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tortoise Energy Infr is a good investment. Please check the relationship between Tortoise Energy Long Term Debt and its Net Tangible Assets accounts. 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.

Long Term Debt vs Net Tangible Assets

Long Term Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tortoise Energy Infr Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tortoise Energy's Long Term Debt and Net Tangible Assets is 0.8. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Tortoise Energy Infrastructure, assuming nothing else is changed. The correlation between historical values of Tortoise Energy's Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Tortoise Energy Infrastructure are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt i.e., Tortoise Energy's Long Term Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Long Term Debt

Long-term debt is a debt that Tortoise Energy Infr has held for over one year. Long-term debt appears on Tortoise Energy Infrastructure balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tortoise Energy Infrastructure balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Tortoise Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is most likely to increase significantly in the upcoming years. The Tortoise Energy's current Issuance Of Capital Stock is estimated to increase to about 24.1 M, while Sales General And Administrative To Revenue is projected to decrease to 0.37.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.4M7.2M8.3M8.7M
Cost Of Revenue6.0M5.6M5.0M4.8M

Tortoise Energy fundamental ratios Correlations

0.920.840.861.00.960.40.9-0.94-0.17-0.310.560.660.80.530.990.530.770.80.720.870.830.550.620.830.33
0.920.60.630.890.970.490.85-0.76-0.28-0.320.380.360.750.620.90.330.540.610.730.90.660.250.430.890.38
0.840.61.00.850.76-0.020.73-0.9-0.02-0.180.610.850.860.180.850.60.850.820.630.610.820.750.710.520.22
0.860.631.00.870.770.010.75-0.90.0-0.20.630.860.860.180.850.620.870.840.650.650.840.770.730.570.25
1.00.890.850.870.940.420.89-0.95-0.15-0.310.580.690.780.50.980.540.780.820.710.850.840.580.640.820.32
0.960.970.760.770.940.370.89-0.87-0.27-0.30.420.460.860.560.960.380.640.680.780.890.730.350.450.830.35
0.40.49-0.020.010.420.370.34-0.33-0.11-0.210.130.0-0.060.410.390.090.110.220.290.440.24-0.030.00.510.3
0.90.850.730.750.890.890.34-0.84-0.47-0.240.390.550.760.570.890.360.550.590.640.70.610.340.350.660.26
-0.94-0.76-0.9-0.9-0.95-0.87-0.33-0.840.120.26-0.58-0.71-0.76-0.45-0.97-0.56-0.81-0.81-0.65-0.75-0.82-0.63-0.54-0.66-0.27
-0.17-0.28-0.020.0-0.15-0.27-0.11-0.470.12-0.070.350.16-0.24-0.43-0.180.350.430.41-0.040.130.380.530.330.150.07
-0.31-0.32-0.18-0.2-0.31-0.3-0.21-0.240.26-0.07-0.31-0.14-0.19-0.62-0.3-0.08-0.27-0.240.03-0.34-0.24-0.1-0.11-0.290.0
0.560.380.610.630.580.420.130.39-0.580.35-0.310.650.380.250.550.970.780.730.260.520.730.760.670.510.31
0.660.360.850.860.690.460.00.55-0.710.16-0.140.650.530.050.640.650.820.790.30.40.760.90.830.380.13
0.80.750.860.860.780.86-0.060.76-0.76-0.24-0.190.380.530.240.80.360.610.610.760.680.640.40.510.580.26
0.530.620.180.180.50.560.410.57-0.45-0.43-0.620.250.050.240.550.110.140.150.010.450.17-0.1-0.030.40.02
0.990.90.850.850.980.960.390.89-0.97-0.18-0.30.550.640.80.550.520.760.790.70.850.820.540.560.790.34
0.530.330.60.620.540.380.090.36-0.560.35-0.080.970.650.360.110.520.760.710.290.480.720.770.680.480.35
0.770.540.850.870.780.640.110.55-0.810.43-0.270.780.820.610.140.760.760.980.560.740.980.920.760.690.29
0.80.610.820.840.820.680.220.59-0.810.41-0.240.730.790.610.150.790.710.980.640.80.990.880.750.770.24
0.720.730.630.650.710.780.290.64-0.65-0.040.030.260.30.760.010.70.290.560.640.780.670.330.360.750.33
0.870.90.610.650.850.890.440.7-0.750.13-0.340.520.40.680.450.850.480.740.80.780.840.470.490.970.38
0.830.660.820.840.840.730.240.61-0.820.38-0.240.730.760.640.170.820.720.980.990.670.840.860.750.810.37
0.550.250.750.770.580.35-0.030.34-0.630.53-0.10.760.90.4-0.10.540.770.920.880.330.470.860.820.450.22
0.620.430.710.730.640.450.00.35-0.540.33-0.110.670.830.51-0.030.560.680.760.750.360.490.750.820.540.3
0.830.890.520.570.820.830.510.66-0.660.15-0.290.510.380.580.40.790.480.690.770.750.970.810.450.540.44
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 fundamental ratios 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.