NXG NextGen Infrastructure Income Fund (NXG) - Net Assets
Based on the latest financial reports, NXG NextGen Infrastructure Income Fund (NXG) has net assets worth $188.39 Million USD as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($242.84 Million) and total liabilities ($54.45 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NXG asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $188.39 Million |
| % of Total Assets | 77.58% |
| Annual Growth Rate | 6.19% |
| 5-Year Change | 49.11% |
| 10-Year Change | N/A |
| Growth Volatility | 30.03 |
NXG NextGen Infrastructure Income Fund - Net Assets Trend (2017–2024)
This chart illustrates how NXG NextGen Infrastructure Income Fund's net assets have evolved over time, based on quarterly financial data. Also explore NXG NextGen Infrastructure Income Fund assets under control for the complete picture of this company's asset base.
Annual Net Assets for NXG NextGen Infrastructure Income Fund (2017–2024)
The table below shows the annual net assets of NXG NextGen Infrastructure Income Fund from 2017 to 2024. For live valuation and market cap data, see NXG NextGen Infrastructure Income Fund (NXG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $177.96 Million | +71.65% |
| 2023-11-30 | $103.68 Million | -27.21% |
| 2022-11-30 | $142.43 Million | +2.81% |
| 2021-11-30 | $138.54 Million | +16.08% |
| 2020-11-30 | $119.35 Million | -21.45% |
| 2019-11-30 | $151.94 Million | +11.03% |
| 2018-11-30 | $136.84 Million | +17.05% |
| 2017-11-30 | $116.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NXG NextGen Infrastructure Income Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2051350400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $19.65 Million | 11.04% |
| Common Stock | $3.47K | 0.00% |
| Other Components | $158.31 Million | 88.96% |
| Total Equity | $177.96 Million | 100.00% |
NXG NextGen Infrastructure Income Fund Competitors by Market Cap
The table below lists competitors of NXG NextGen Infrastructure Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BF Utilities Limited
NSE:BFUTILITIE
|
$227.71 Million |
|
Nuvectis Pharma Inc
NASDAQ:NVCT
|
$227.72 Million |
|
FG Imperii Acquisition Corp. Class A Ordinary Shares
NASDAQ:FGII
|
$227.72 Million |
|
Oryzon Genomics SA
MC:ORY
|
$227.73 Million |
|
Kisco Holdings
KO:001940
|
$227.66 Million |
|
OBOOK Holdings Inc. Class A Common Shares
NASDAQ:OWLS
|
$227.60 Million |
|
Mulpha International Bhd
KLSE:3905
|
$227.54 Million |
|
Boyaa Interactive International Limited
F:1BY
|
$227.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NXG NextGen Infrastructure Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,681,589 to 177,964,351, a change of 74,282,762 (71.6%).
- Net income of 61,796,306 contributed positively to equity growth.
- Dividend payments of 18,720,931 reduced retained earnings.
- New share issuances of 31,218,799 increased equity.
- Other comprehensive income increased equity by 40,725,289.
- Other factors decreased equity by 40,736,701.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $61.80 Million | +34.72% |
| Dividends Paid | $18.72 Million | -10.52% |
| Share Issuances | $31.22 Million | +17.54% |
| Other Comprehensive Income | $40.73 Million | +22.88% |
| Other Changes | $-40.74 Million | -22.89% |
| Total Change | $- | 71.65% |
Book Value vs Market Value Analysis
This analysis compares NXG NextGen Infrastructure Income Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.74x to 1.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | $77.34 | $57.57 | x |
| 2018-11-30 | $58.04 | $57.57 | x |
| 2019-11-30 | $58.28 | $57.57 | x |
| 2020-11-30 | $45.87 | $57.57 | x |
| 2021-11-30 | $53.25 | $57.57 | x |
| 2022-11-30 | $54.75 | $57.57 | x |
| 2023-11-30 | $38.99 | $57.57 | x |
| 2024-11-30 | $51.64 | $57.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NXG NextGen Infrastructure Income Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.20%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.31x
- Recent ROE (34.72%) is above the historical average (3.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 10.95% | 95.89% | 0.10x | 1.20x | $1.11 Million |
| 2018 | 2.89% | 87.43% | 0.03x | 1.31x | $-9.72 Million |
| 2019 | -2.37% | 0.00% | -0.02x | 1.00x | $-18.75 Million |
| 2020 | -17.12% | 0.00% | -0.14x | 1.16x | $-32.36 Million |
| 2021 | 18.66% | 99.00% | 0.13x | 1.46x | $11.99 Million |
| 2022 | 7.41% | 97.13% | 0.06x | 1.36x | $-3.69 Million |
| 2023 | -27.50% | 0.00% | -0.20x | 1.41x | $-38.88 Million |
| 2024 | 34.72% | 94.20% | 0.28x | 1.31x | $44.00 Million |
Industry Comparison
This section compares NXG NextGen Infrastructure Income Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NXG NextGen Infrastructure Income Fund (NXG) | $188.39 Million | 10.95% | 0.29x | $227.70 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About NXG NextGen Infrastructure Income Fund
NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturin… Read more