TTP
Price:
$52.11
Market Cap:
$104.77M
Tortoise Pipeline & Energy Fund, Inc. is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like comparison of quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Pipeline & Energy Fund, Inc. was formed on July 19, 2011 and is domiciled in the United States.[Read more]
Industry
Asset Management
IPO Date
2011-10-27
Stock Exchange
NYSE
Ticker
TTP
According to Tortoise Pipeline & Energy Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.92. This represents a change of -11.20% compared to the average of 1.03 of the last 4 quarters.
The mean historical Current Ratio of Tortoise Pipeline & Energy Fund, Inc. over the last ten years is 0.73. The current 0.92 Current Ratio has changed 12.46% with respect to the historical average. Over the past ten years (40 quarters), TTP's Current Ratio was at its highest in in the February 2020 quarter at 3.77. The Current Ratio was at its lowest in in the May 2017 quarter at 0.02.
Average
0.73
Median
0.33
Minimum
0.03
Maximum
2.76
Discovering the peaks and valleys of Tortoise Pipeline & Energy 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 = 958.96%
Maximum Annual Current Ratio = 2.76
Minimum Annual Increase = -83.22%
Minimum Annual Current Ratio = 0.03
Year | Current Ratio | Change |
---|---|---|
2023 | 2.76 | 521.66% |
2022 | 0.44 | 1.88% |
2021 | 0.44 | -83.22% |
2020 | 2.60 | 746.46% |
2019 | 0.31 | 4.66% |
2018 | 0.29 | -18.06% |
2017 | 0.36 | 958.96% |
2016 | 0.03 | -29.98% |
2015 | 0.05 | 35.99% |
2014 | 0.04 | -33.46% |
The current Current Ratio of Tortoise Pipeline & Energy Fund, Inc. (TTP) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
1.21
5-year avg
1.31
10-year avg
0.73
Tortoise Pipeline & Energy Fund, Inc.’s Current Ratio is greater than Tortoise Energy Infrastructure Corporation (0.24), greater than Tortoise Power and Energy Infrastructure Fund, Inc. (0), greater than Tortoise Energy Independence Fund, Inc. (0), less than Apollo Tactical Income Fund Inc. (8.00), less than Invesco High Income 2023 Target Term Fund (8.71), greater than Abrdn Australia Equity Fund Inc (0), greater than ClearBridge MLP and Midstream Total Return Fund Inc. (0), greater than Nuveen Multi-Market Income Fund (0), greater than Blackhawk Growth Corp. (0.00), greater than Mount Logan Capital Inc. (0.50), greater than Urbana Corporation (0), less than Elysee Development Corp. (290.31), greater than Guardian Capital Group Limited (0.80), less than Flow Capital Corp. (5.14), less than Princeton Capital Corporation (13.74),
Company | Current Ratio | Market cap |
---|---|---|
0.24 | $483.88M | |
0 | $123.10M | |
0 | $74.54M | |
8.00 | $214.41M | |
8.71 | $167.09M | |
0 | $119.91M | |
0 | $277.19M | |
0 | $57.15M | |
0.00 | $839.79K | |
0.50 | $35.30M | |
0 | $168.54M | |
290.31 | $5.95M | |
0.80 | $726.09M | |
5.14 | $18.73M | |
13.74 | $14.46M |
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