Tortoise Energy Independence Fund, Inc.

Tortoise Energy Independence Fund, Inc.verified

NDP

Price:

$44.74

Market Cap:

$74.54M

Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

2012-07-27

Stock Exchange

NYSE

Ticker

NDP

The Current Ratio as of November 2024 (TTM) for Tortoise Energy Independence Fund, Inc. (NDP) is 0

According to Tortoise Energy Independence Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 0.03 of the last 4 quarters.

Tortoise Energy Independence Fund, Inc. (NDP) Historical Current Ratio (quarterly & annually)

How has NDP Current Ratio performed in the past?

The mean historical Current Ratio of Tortoise Energy Independence Fund, Inc. over the last ten years is 0.28. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), NDP's Current Ratio was at its highest in in the May 2021 quarter at 1.27. The Current Ratio was at its lowest in in the May 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

0.28

Median

0.03

Minimum

0

Maximum

1.15

Tortoise Energy Independence Fund, Inc. (NDP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tortoise Energy Independence Fund, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 3.31%

Maximum Annual Current Ratio = 1.15

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230-100.00%
20220.08-93.23%
20211.153.31%
20200.03279.04%
20190.011.17%
20180.00-99.90%

Tortoise Energy Independence Fund, Inc. (NDP) Average Current Ratio

How has NDP Current Ratio performed in the past?

The current Current Ratio of Tortoise Energy Independence Fund, Inc. (NDP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.41

5-year avg

0.25

10-year avg

0.28

Tortoise Energy Independence Fund, Inc. (NDP) Current Ratio vs. Peers

How is NDP’s Current Ratio compared to its peers?

Tortoise Energy Independence Fund, Inc.’s Current Ratio is less than Tortoise Midstream Energy Fund, Inc. (0), less than Flow Capital Corp. (5.14), less than Blackhawk Growth Corp. (0.00), less than Mount Logan Capital Inc. (0.50), less than Invesco High Income 2024 Target Term Fund (0), less than Nuveen Corporate Income 2023 Target Term Fund (0.27), less than Virtus Convertible & Income 2024 Target Term Fund (2.04), less than MFS Investment Grade Municipal Trust (3.11), less than Eaton Vance National Municipal Opportunities Trust (0), less than Abrdn Japan Equity Fund Inc (0.13), less than abrdn Global Income Fund, Inc. (0), less than The European Equity Fund, Inc. (1.37), less than The New Germany Fund, Inc. (0.09), less than LMP Capital and Income Fund Inc. (0.01), less than Tekla Life Sciences Investors (0.20), less than Calamos Long/Short Equity & Dynamic Income Term Trust (1.24), less than Nuveen Select Maturities Municipal Fund (0.94), less than Invesco High Income 2023 Target Term Fund (8.71), less than AllianceBernstein National Municipal Income Fund, Inc. (2.72), less than Pioneer Diversified High Income Fund, Inc. (0), less than Neuberger Berman High Yield Strategies Fund Inc. (0.63),

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