First Ship Lease Trust (First Ship Lease Trust) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is First Ship Lease Trust 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. First Ship Lease Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

First Ship Lease Trust's long-term debt to total assets ratio declined from Jun. 2022 (0.14) to Dec. 2023 (0.10). It may suggest that First Ship Lease Trust is progressively becoming less dependent on debt to grow their business.

First Ship Lease Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Ship Lease Trust'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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First Ship Lease Trust LT-Debt-to-Total-Asset Chart

First Ship Lease Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.08

0.16

0.15

0.10

First Ship Lease Trust Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.18	0.15	0.13	0.10

First Ship Lease Trust LT-Debt-to-Total-Asset Calculation

First Ship Lease Trust'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 )
	=	6.661	/	65.734
	=	0.10

First Ship Lease Trust'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 )
	=	6.661	/	65.734
	=

First Ship Lease Trust (OTCPK:FSLUF) 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.

First Ship Lease Trust LT-Debt-to-Total-Asset Related Terms

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First Ship Lease Trust (First Ship Lease Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » First Ship Lease Trust (OTCPK:FSLUF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

D8DU:Singapore

Address

7 Temasek Boulevard, No.12-10 Suntec Tower One, Singapore, SGP, 038987

Website

https://www.fsltrust.com

First Ship Lease Trust or FSL is a Singapore-based firm engaged in the shipping business. The Group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. Bareboat Charter's lease income relates to lease income derived from operating leases which accounts for the majority of its revenues through its operations in Europe and Asia. Geographically, it operates in Asia, Europe, and North America, the majority is from North America.

First Ship Lease Trust (First Ship Lease Trust) Headlines

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