Tortoise Net Debt vs Cash And Short Term Investments Analysis

TYG Stock

USD 43.30 0.04 0.09%

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 Net Debt and its Cash And Short Term Investments 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.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tortoise Energy Infr Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tortoise Energy's Net Debt and Cash And Short Term Investments is -0.14. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments 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 Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Tortoise Energy Infrastructure are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Tortoise Energy's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Tortoise Energy Infr balance sheet. This account contains Tortoise Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Tortoise Energy Infrastructure fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 Enterprise Value Multiple is most likely to drop in the upcoming years.

	2022	2024	2025 (projected)
Total Operating Expenses	7.2M	3.9M	3.7M
Cost Of Revenue	5.6M	5.0M	4.8M

Total Operating Expenses Cost Of Revenue

Tortoise Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Liab	Net Tangible Assets	Retained Earnings	Long Term Debt	Long Term Investments	Short Long Term Debt	Short Term Debt	Common Stock	Deferred Long Term Liab
Total Assets		0.91	0.36	0.71	0.99	0.96	0.49	0.99	-0.34	-0.12	-0.06	0.57	0.17	0.84	0.53	0.99	0.77	0.77	0.81	0.7	0.86	0.82	0.56	0.78	0.82	0.25
Short Long Term Debt Total	0.91		0.36	0.64	0.88	0.97	0.56	0.9	-0.36	-0.2	-0.19	0.42	0.06	0.71	0.64	0.9	0.67	0.56	0.63	0.47	0.91	0.66	0.28	0.64	0.96	0.34
Other Current Liab	0.36	0.36		0.87	0.35	0.42	-0.05	0.44	-0.61	-0.2	-0.02	0.38	0.0	0.33	0.1	0.37	0.41	0.25	0.25	0.4	0.35	0.24	0.07	0.09	0.34	0.12
Total Current Liabilities	0.71	0.64	0.87		0.71	0.72	0.13	0.76	-0.48	-0.28	-0.06	0.54	0.05	0.68	0.23	0.7	0.69	0.53	0.53	0.66	0.57	0.53	0.36	0.56	0.56	0.21
Total Stockholder Equity	0.99	0.88	0.35	0.71		0.93	0.5	0.99	-0.35	-0.12	-0.06	0.58	0.17	0.83	0.5	0.97	0.75	0.78	0.82	0.74	0.83	0.83	0.58	0.78	0.79	0.18
Net Debt	0.96	0.97	0.42	0.72	0.93		0.46	0.95	-0.32	-0.19	-0.14	0.45	0.08	0.84	0.61	0.96	0.72	0.66	0.7	0.54	0.89	0.73	0.37	0.69	0.88	0.3
Accounts Payable	0.49	0.56	-0.05	0.13	0.5	0.46		0.47	-0.52	-0.26	-0.27	0.18	-0.18	0.1	0.43	0.49	0.32	0.16	0.26	0.22	0.45	0.26	0.03	0.25	0.62	0.26
Non Current Assets Total	0.99	0.9	0.44	0.76	0.99	0.95	0.47		-0.4	-0.14	-0.07	0.58	0.17	0.83	0.53	0.98	0.77	0.75	0.8	0.71	0.85	0.81	0.53	0.75	0.81	0.18
Non Currrent Assets Other	-0.34	-0.36	-0.61	-0.48	-0.35	-0.32	-0.52	-0.4		0.29	0.23	-0.29	0.22	0.06	-0.39	-0.35	-0.29	-0.08	-0.14	-0.22	-0.31	-0.12	0.08	0.1	-0.43	-0.03
Other Assets	-0.12	-0.2	-0.2	-0.28	-0.12	-0.19	-0.26	-0.14	0.29		0.74	0.33	0.87	-0.1	-0.47	-0.11	-0.23	0.45	0.43	0.24	0.2	0.42	0.52	-0.25	-0.13	0.08
Cash And Short Term Investments	-0.06	-0.19	-0.02	-0.06	-0.06	-0.14	-0.27	-0.07	0.23	0.74		0.32	0.76	0.01	-0.71	-0.04	0.01	0.45	0.44	0.43	0.12	0.43	0.6	-0.02	-0.12	0.17
Net Receivables	0.57	0.42	0.38	0.54	0.58	0.45	0.18	0.58	-0.29	0.33	0.32		0.58	0.43	0.1	0.57	0.74	0.79	0.74	0.65	0.55	0.73	0.76	0.47	0.37	0.29
Common Stock Shares Outstanding	0.17	0.06	0.0	0.05	0.17	0.08	-0.18	0.17	0.22	0.87	0.76	0.58		0.17	-0.41	0.17	0.1	0.69	0.68	0.5	0.4	0.67	0.74	0.11	0.1	0.15
Non Current Liabilities Total	0.84	0.71	0.33	0.68	0.83	0.84	0.1	0.83	0.06	-0.1	0.01	0.43	0.17		0.34	0.84	0.74	0.7	0.68	0.62	0.64	0.7	0.54	0.81	0.54	0.21
Other Stockholder Equity	0.53	0.64	0.1	0.23	0.5	0.61	0.43	0.53	-0.39	-0.47	-0.71	0.1	-0.41	0.34		0.56	0.41	0.06	0.08	-0.18	0.44	0.12	-0.22	0.25	0.54	0.02
Total Liab	0.99	0.9	0.37	0.7	0.97	0.96	0.49	0.98	-0.35	-0.11	-0.04	0.57	0.17	0.84	0.56		0.79	0.77	0.8	0.65	0.86	0.81	0.55	0.74	0.8	0.3
Total Current Assets	0.77	0.67	0.41	0.69	0.75	0.72	0.32	0.77	-0.29	-0.23	0.01	0.74	0.1	0.74	0.41	0.79		0.61	0.58	0.54	0.54	0.59	0.51	0.74	0.53	0.35
Other Liab	0.77	0.56	0.25	0.53	0.78	0.66	0.16	0.75	-0.08	0.45	0.45	0.79	0.69	0.7	0.06	0.77	0.61		0.98	0.81	0.75	0.98	0.92	0.63	0.49	0.27
Net Tangible Assets	0.81	0.63	0.25	0.53	0.82	0.7	0.26	0.8	-0.14	0.43	0.44	0.74	0.68	0.68	0.08	0.8	0.58	0.98		0.85	0.82	1.0	0.88	0.62	0.59	0.21
Retained Earnings	0.7	0.47	0.4	0.66	0.74	0.54	0.22	0.71	-0.22	0.24	0.43	0.65	0.5	0.62	-0.18	0.65	0.54	0.81	0.85		0.58	0.82	0.82	0.63	0.46	0.16
Long Term Debt	0.86	0.91	0.35	0.57	0.83	0.89	0.45	0.85	-0.31	0.2	0.12	0.55	0.4	0.64	0.44	0.86	0.54	0.75	0.82	0.58		0.84	0.48	0.5	0.91	0.34
Long Term Investments	0.82	0.66	0.24	0.53	0.83	0.73	0.26	0.81	-0.12	0.42	0.43	0.73	0.67	0.7	0.12	0.81	0.59	0.98	1.0	0.82	0.84		0.87	0.63	0.61	0.22
Short Long Term Debt	0.56	0.28	0.07	0.36	0.58	0.37	0.03	0.53	0.08	0.52	0.6	0.76	0.74	0.54	-0.22	0.55	0.51	0.92	0.88	0.82	0.48	0.87		0.6	0.22	0.21
Short Term Debt	0.78	0.64	0.09	0.56	0.78	0.69	0.25	0.75	0.1	-0.25	-0.02	0.47	0.11	0.81	0.25	0.74	0.74	0.63	0.62	0.63	0.5	0.63	0.6		0.51	0.24
Common Stock	0.82	0.96	0.34	0.56	0.79	0.88	0.62	0.81	-0.43	-0.13	-0.12	0.37	0.1	0.54	0.54	0.8	0.53	0.49	0.59	0.46	0.91	0.61	0.22	0.51		0.37
Deferred Long Term Liab	0.25	0.34	0.12	0.21	0.18	0.3	0.26	0.18	-0.03	0.08	0.17	0.29	0.15	0.21	0.02	0.3	0.35	0.27	0.21	0.16	0.34	0.22	0.21	0.24	0.37

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Tortoise Energy Account Relationship Matchups

Tortoise Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	569.2M	623.3M	492.7M	689.5M	792.9M	753.3M
Short Long Term Debt Total	146.4M	154.5M	112.3M	72.1M	82.9M	78.8M
Other Current Liab	(9.3M)	(26.1M)	5.2M	(561.4K)	(505.2K)	(480.0K)
Total Current Liabilities	585.3K	9.3M	1.7M	7.4M	6.6M	6.3M
Total Stockholder Equity	414.9M	446.6M	380.5M	559.3M	503.4M	697.4M
Net Debt	103.0M	112.3M	72.1M	91.5M	105.2M	100.0M
Non Current Assets Total	560.0M	620.2M	491.4M	688.2M	619.4M	1.2B
Non Currrent Assets Other	(560.0M)	(623.3M)	(491.4M)	(688.2M)	(791.4M)	(831.0M)
Other Assets	871.4K	320.4K	308.3K	1.1M	945.7K	898.4K
Cash And Short Term Investments	483.1K	301.7K	408.1K	288.5K	259.7K	246.7K
Net Receivables	8.4M	2.8M	985.8K	902.6K	1.0M	986.1K
Common Stock Shares Outstanding	13.7M	11.9M	11.9M	10.8M	9.7M	12.9M
Liabilities And Stockholders Equity	569.2M	623.3M	492.7M	689.5M	792.9M	753.3M
Non Current Liabilities Total	101.0M	103.0M	1.7M	72.1M	82.9M	78.8M
Other Stockholder Equity	623.8M	610.8M	598.9M	574.4M	660.6M	701.3M
Total Liab	154.3M	176.7M	112.2M	130.2M	149.7M	142.2M
Total Current Assets	8.4M	2.8M	985.8K	288.5K	259.7K	246.7K
Net Tangible Assets	930.3M	305.6M	414.9M	446.6M	402.0M	774.0M
Retained Earnings	(208.9M)	(164.2M)	(218.5M)	(15.1M)	(13.6M)	(12.9M)
Long Term Investments	560.0M	620.2M	491.4M	688.2M	619.4M	1.2B
Short Term Debt	13.2M	19.2M	30.7M	7.3M	6.6M	6.2M
Common Stock	12.3K	11.9K	11.3K	10.8K	9.7K	9.2K
Other Current Assets	(8.9M)	320.4K	(1.4M)	(902.6K)	(812.4K)	(853.0K)
Short Term Investments	141.0K	483.1K	301.7K	408.1K	367.3K	348.9K
Net Invested Capital	518.0M	558.9M	452.6M	650.8M	585.8M	654.0M
Capital Stock	12.3K	11.9K	11.3K	10.8K	9.7K	18.8K

Currently Active Assets on Macroaxis

USOI	Credit Suisse X Links
ULTY	Tidal Trust II
CONY	YieldMax N Option
BCAT	BlackRock Capital Allocation
PDI	Pimco Dynamic Income

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:

How To Invest In Tortoise

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Is Tortoise Stock a good investment?

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What is Tortoise Energy's Net Worth?

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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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

3.058

Dividend Share

2.98

Earnings Share

19.59

Revenue Per Share

1.27

Quarterly Revenue Growth

0.008

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.

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Tortoise Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Tortoise Energy fundamental ratios Correlations

Tortoise Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tortoise Energy fundamental ratios Accounts

Currently Active Assets on Macroaxis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Investments	+ 1.0	Net Tangible Assets
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Non Current Assets Total

Other Stockholder Equity	- 0.71	Cash And Short Term Investments
Non Currrent Assets Other	- 0.61	Other Current Liab
Non Currrent Assets Other	- 0.52	Accounts Payable
Non Currrent Assets Other	- 0.48	Total Current Liabilities
Other Stockholder Equity	- 0.47	Other Assets
Common Stock	- 0.43	Non Currrent Assets Other