GDI Property Group (ASX:GDI) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is GDI Property Group 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. GDI Property Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

GDI Property Group's long-term debt to total assets ratio increased from Dec. 2022 (0.27) to Dec. 2023 (0.31). It may suggest that GDI Property Group is progressively becoming more dependent on debt to grow their business.

GDI Property Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for GDI Property Group'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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GDI Property Group LT-Debt-to-Total-Asset Chart

GDI Property Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.09

0.17

0.21

0.20

0.31

GDI Property Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.20	0.20	0.27	0.31	0.31

GDI Property Group LT-Debt-to-Total-Asset Calculation

GDI Property Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	344.741	/	1129.013
	=	0.31

GDI Property Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	351.155	/	1131.376
	=	0.31

GDI Property Group (ASX:GDI) 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.

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GDI Property Group (ASX:GDI) Business Description

Industry

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Traded in Other Exchanges

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Address

56 Pitt Street, Level 23, Sydney, NSW, AUS, 2000

Website

https://www.gdi.com.au

GDI Property Group is a property owner and fund manager. It is an integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing, and syndication of office and industrial properties. The Trust is internally managed and owns a portfolio of office properties across Australia. The Group has two operating segments, property investment and funds management. The Portfolio comprises three wholly-owned properties in CBD locations namely, Mill Green Complex; Goulburn Street; Cavill Avenue. The company owns an established funds business which, in addition to managing the Trust, manages unlisted and unregistered managed investment schemes.

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