Salient Midstream & MLP Fund

Salient Midstream & MLP Fundverified

SMM

Price:

$8.95

Market Cap:

$158.62M

Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal. The fund primarily invests in midstream companies and master limited partnerships. It invests in stocks of large-cap, mid-cap, and small-cap companies. The fund benchmarks the performance of its portfolio against the Alerian MLP Index. Salient Midstream & MLP Fund was forme...[Read more]

Industry

Asset Management

IPO Date

2012-05-25

Stock Exchange

NYSE

Ticker

SMM

The Current Ratio as of March 2025 (TTM) for Salient Midstream & MLP Fund (SMM) is 2.00

According to Salient Midstream & MLP Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.00. This represents a change of 42.58% compared to the average of 1.40 of the last 4 quarters.

Salient Midstream & MLP Fund (SMM) Historical Current Ratio (quarterly & annually)

How has SMM Current Ratio performed in the past?

The mean historical Current Ratio of Salient Midstream & MLP Fund over the last ten years is 3.62. The current 2.00 Current Ratio has changed 5.43% with respect to the historical average. Over the past ten years (40 quarters), SMM's Current Ratio was at its highest in in the November 2019 quarter at 3.93. The Current Ratio was at its lowest in in the May 2022 quarter at 0.91.

Quarterly (TTM)
Annual

Average

3.62

Median

2.56

Minimum

1.75

Maximum

7.85

Salient Midstream & MLP Fund (SMM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Salient Midstream & MLP Fund 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 = 53.34%

Maximum Annual Current Ratio = 7.85

Minimum Annual Increase = -67.36%

Minimum Annual Current Ratio = 1.75

Quarterly (TTM)
Annual
YearCurrent RatioChange
20212.0014.27%
20201.75-55.44%
20193.9353.34%
20182.56-67.36%

Salient Midstream & MLP Fund (SMM) Average Current Ratio

How has SMM Current Ratio performed in the past?

The current Current Ratio of Salient Midstream & MLP Fund (SMM) 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

2.56

5-year avg

3.62

10-year avg

3.62

Salient Midstream & MLP Fund (SMM) Current Ratio vs. Peers

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

Salient Midstream & MLP Fund’s Current Ratio is less than The Weitz Funds, Hickory Fund (0), less than Insight Select Income Fund (2.92), less than Tortoise Pipeline & Energy Fund, Inc. (2.76), less than Invesco High Income 2023 Target Term Fund (8.71), less than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than Fiduciary/Claymore Energy Infrastructure Fund (0.20), greater than BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (0), less than Goldman Sachs MLP and Energy Renaissance Fund (3.47), less than Nuveen Small Cap Growth Opportunities Fund (0), less than Fund X Upgrader Fund (0),

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