Invesco Global Equityome Trust (LSE:IGET) LT-Debt-to-Total-Asset : 0.06 (As of Nov. 2023)

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What is Invesco Global Equityome 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. Invesco Global Equityome Trust's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.06.

Invesco Global Equityome Trust's long-term debt to total assets ratio declined from Nov. 2022 (0.07) to Nov. 2023 (0.06). It may suggest that Invesco Global Equityome Trust is progressively becoming less dependent on debt to grow their business.

Invesco Global Equityome Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Invesco Global Equityome 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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Invesco Global Equityome Trust LT-Debt-to-Total-Asset Chart

Invesco Global Equityome Trust Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.08

0.14

Invesco Global Equityome Trust Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.07	0.14	0.06

Invesco Global Equityome Trust LT-Debt-to-Total-Asset Calculation

Invesco Global Equityome Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	9.65	/	66.887
	=	0.14

Invesco Global Equityome Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	12.95	/	217.304
	=	0.06

Invesco Global Equityome Trust (LSE:IGET) 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.

Invesco Global Equityome Trust LT-Debt-to-Total-Asset Related Terms

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Invesco Global Equityome Trust (LSE:IGET) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Global Equity Income Trust plc (LSE:IGET) » Definitions » LT-Debt-to-Total-Asset

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Address

Perpetual Park Drive, Perpetual Park, Henley-on-Thames, Oxfordshire, GBR, RG9 1HH

Website

https://www.invesco.com

Invesco Select Trust PLC is an investment company based in the UK. The company invests its shareholders' funds with the aim of spreading investment risk and generating returns. Its investment objective is to provide shareholders with a choice of investment strategies and policies, each intended to generate attractive risk-adjusted returns. The company focuses on investing no more than 15% of the gross assets in a single investment and not more than 10% of the gross assets invested in other listed investment companies. Its share capital comprises four share classes namely UK Equity Shares, Global Equity Income Shares, Balanced Risk Allocation Shares, and Managed Liquidity Shares and it allows shareholders to convert between share classes.

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