As of December 15, 2025, Tortoise Midstream Energy Fund Inc (NTG) reports a Current Ratio of 0.39.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Tortoise Midstream Energy Fund Inc's Current Ratio
Over recent years, Tortoise Midstream Energy Fund Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-11-30 | 0.39 |
| 2022-11-30 | 0.55 |
| 2021-11-30 | 0.67 |
| 2020-11-30 | 0.11 |
| 2019-11-30 | 0.88 |
This slight downward trend highlights how Tortoise Midstream Energy Fund Inc manages its short-term assets and liabilities over time.
Comparing Tortoise Midstream Energy Fund Inc's Current Ratio to Peers
To better understand Tortoise Midstream Energy Fund Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Tortoise Midstream Energy Fund Inc (NTG) | 0.39 |
| North American Financial 15 Split Corp (FFN.TO) | 9.09 |
| Nuveen New York Municipal Value Fund (NNY) | 7.02 |
| Franklin Universal Trust (FT) | 4.36 |
| First Trust New Opportunities MLP & Energy Fund (FPL) | 4.03 |
| Translational Development Acquisition Corp (TDAC) | 3.09 |
Compared to its competitors, Tortoise Midstream Energy Fund Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.