Tortoise Pipeline & Energy Fund, Inc.

Tortoise Pipeline & Energy Fund, Inc.verified

TTP

Price:

$42.9

Market Cap:

$86.25M

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

The Current Ratio as of September 2024 (TTM) for Tortoise Pipeline & Energy Fund, Inc. (TTP) is 0

According to Tortoise Pipeline & Energy 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 0.68 of the last 4 quarters.

Tortoise Pipeline & Energy Fund, Inc. (TTP) Historical Current Ratio (quarterly & annually)

How has TTP Current Ratio performed in the past?

The mean historical Current Ratio of Tortoise Pipeline & Energy Fund, Inc. over the last ten years is 0.61. The current 0 Current Ratio has changed -100.00% 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 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

0.61

Median

0.33

Minimum

0.03

Maximum

2.60

Tortoise Pipeline & Energy Fund, Inc. (TTP) Current Ratio by Quarter and Year

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 = 2.60

Minimum Annual Increase = -83.22%

Minimum Annual Current Ratio = 0.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.57253.95%
20220.441.88%
20210.44-83.22%
20202.60746.46%
20190.314.66%
20180.29-18.06%
20170.36958.96%
20160.03-29.98%
20150.0535.99%
20140.04-33.46%

Tortoise Pipeline & Energy Fund, Inc. (TTP) Average Current Ratio

How has TTP Current Ratio performed in the past?

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 less than than its 10-year historical averages

3-year avg

0.82

5-year avg

1.07

10-year avg

0.61

Tortoise Pipeline & Energy Fund, Inc. (TTP) Current Ratio vs. Peers

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

Tortoise Pipeline & Energy Fund, Inc.’s Current Ratio is less than Tortoise Energy Infrastructure Corporation (0), less than Tortoise Power and Energy Infrastructure Fund, Inc. (0), less 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), less than Abrdn Australia Equity Fund Inc (0), less than ClearBridge MLP and Midstream Total Return Fund Inc. (0), less than Nuveen Multi-Market Income Fund (0), less than Blackhawk Growth Corp. (0.03), less than Mount Logan Capital Inc. (8.51), less than Urbana Corporation (0), less than Elysee Development Corp. (290.31), less than Guardian Capital Group Limited (1.03), less than Flow Capital Corp. (5.14), less than Princeton Capital Corporation (10.94),

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