Agree Realty (Agree Realty) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Agree Realty LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Agree Realty's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Agree Realty's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.32). It may suggest that Agree Realty is progressively becoming more dependent on debt to grow their business.

Agree Realty LT-Debt-to-Total-Asset Historical Data

The historical data trend for Agree Realty's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Agree Realty LT-Debt-to-Total-Asset Chart

Agree Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.31

0.32

0.29

0.31

Agree Realty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.30	0.29	0.31	0.32

Agree Realty LT-Debt-to-Total-Asset Calculation

Agree Realty's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2410.921	/	7774.836
	=	0.31

Agree Realty's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2514.487	/	7868.665
	=	0.32

Agree Realty (NYSE:ADC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Agree Realty LT-Debt-to-Total-Asset Related Terms

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Agree Realty (Agree Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Agree Realty Corp (NYSE:ADC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ADCPRA.PFD:USA ADC:Mexico AGL:Germany AGL:Germany

Address

70 East Long Lake Road, Bloomfield Hills, MI, USA, 48304

Website

https://www.agreerealty.com

Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. The Company is mainly in the business of acquiring, developing and managing retail real estate. Some of its properties in the portfolio include Walmart, 7-Eleven, Wawa, Gerber Collision and others.

Executives

Richard Agree	officer: Chief Executive Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334
John Jr Rakolta	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Greg Lehmkuhl	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Joey Agree	officer: Chief Operating Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034
Craig Erlich	officer: CHIEF OPERATING OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Peter Coughenour	officer: CHIEF FINANCIAL OFFICER	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Stephen Breslin	officer: Chief Accounting Officer	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
David A. Wolff	officer: CHIEF ACCOUNTING OFFICER	70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324
Karen Dearing	director	27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034
Nicole Witteveen	officer: EVP, PEOPLE & CULTURE	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Judlowe	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Michael Hollman	director	7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102
Jerome R Rossi	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324
Danielle M Spehar	officer: GENERAL COUNSEL	70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304
Merrie S. Frankel	director	70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034