Tortoise Pipeline & Energy Fund Balance Sheet Health
Financial Health criteria checks 3/6
Tortoise Pipeline & Energy Fund has a total shareholder equity of $69.5M and total debt of $15.9M, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are $86.2M and $16.6M respectively.
Key information
22.9%
Debt to equity ratio
US$15.93m
Debt
| Interest coverage ratio | 1.4x |
| Cash | n/a |
| Equity | US$69.52m |
| Total liabilities | US$16.64m |
| Total assets | US$86.17m |
Recent financial health updates
No updates
Recent updates
TTP: A Lot To Like With This 8.12%-Yielding MLP CEF
Feb 06Tortoise Pipeline & Energy Fund: Better Choices Elsewhere
Dec 15Tortoise Pipeline & Energy Fund declares $0.59 dividend
Nov 10TTP: An Updated Look At This High Yield Pipeline And MLP Fund
Oct 02Tortoise Pipeline & Energy Fund goes ex-dividend tomorrow
Aug 22What's In Your Pipeline For Retirement? How About A CEF With A 9% Yield?
Jul 12Tortoise Pipeline & Energy Fund declares $0.16 dividend
May 10Tortoise Pipeline&Energy Fund declares $0.16 dividend
Nov 10Financial Position Analysis
Short Term Liabilities: TTP's short term assets ($518.1K) do not cover its short term liabilities ($711.6K).
Long Term Liabilities: TTP's short term assets ($518.1K) do not cover its long term liabilities ($15.9M).
Debt to Equity History and Analysis
Debt Level: TTP's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: TTP's debt to equity ratio has reduced from 42.7% to 22.9% over the past 5 years.
Debt Coverage: TTP's debt is well covered by operating cash flow (76.7%).
Interest Coverage: TTP's interest payments on its debt are not well covered by EBIT (1.4x coverage).