Tortoise Other Assets from 2010 to 2024
| TYG Stock | USD 32.86 0.23 0.70% |
Other Assets | First Reported 2006-11-30 | Previous Quarter 833.5 K | Current Value 308.3 K | Quarterly Volatility 631.8 M |
Check Tortoise Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tortoise Energy's main balance sheet or income statement drivers, such as Interest Expense of 3.4 M, Selling General Administrative of 2.4 M or Other Operating Expenses of 2.9 M, as well as many indicators such as Dividend Yield of 0.063, Ptb Ratio of 0.87 or Book Value Per Share of 41.06. Tortoise financial statements analysis is a perfect complement when working with Tortoise Energy Valuation or Volatility modules.
Tortoise | Other Assets |
Latest Tortoise Energy's Other Assets Growth Pattern
Below is the plot of the Other Assets of Tortoise Energy Infrastructure over the last few years. It is Tortoise Energy's Other Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tortoise Energy's overall financial position and show how it may be relating to other accounts over time.
| Other Assets | 10 Years Trend |
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Other Assets |
| Timeline |
Tortoise Other Assets Regression Statistics
| Arithmetic Mean | 140,392,298 | |
| Geometric Mean | 19,229,906 | |
| Coefficient Of Variation | 566.86 | |
| Mean Deviation | 484,962,054 | |
| Median | 320,364 | |
| Standard Deviation | 795,832,800 | |
| Sample Variance | 633349.8T | |
| Range | 3.2B | |
| R-Value | (0.30) | |
| Mean Square Error | 621688.1T | |
| R-Squared | 0.09 | |
| Significance | 0.28 | |
| Slope | (52,947,155) | |
| Total Sum of Squares | 8866897.8T |
Tortoise Other Assets History
About Tortoise Energy Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Tortoise Energy income statement, its balance sheet, and the statement of cash flows. Tortoise Energy investors use historical funamental indicators, such as Tortoise Energy's Other Assets, to determine how well the company is positioned to perform in the future. Although Tortoise Energy investors may use each financial statement separately, they are all related. The changes in Tortoise Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tortoise Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Tortoise Energy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Tortoise Energy. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Assets | 277.5 K | 263.6 K |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Tortoise Stock
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 the analysis of Tortoise Energy Correlation against competitors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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 (1.22) | Revenue Per Share 1.464 | Quarterly Revenue Growth 0.213 |
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.