National Storage Affiliates Trust (National Storage Affiliates Trust) LT-Debt-to-Total-Asset : 0.59 (As of Mar. 2024)

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What is National Storage Affiliates 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. National Storage Affiliates Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.59.

National Storage Affiliates Trust's long-term debt to total assets ratio increased from Mar. 2023 (0.49) to Mar. 2024 (0.59). It may suggest that National Storage Affiliates Trust is progressively becoming more dependent on debt to grow their business.

National Storage Affiliates Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Storage Affiliates 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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National Storage Affiliates Trust LT-Debt-to-Total-Asset Chart

National Storage Affiliates Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.50

0.45

0.51

0.56

National Storage Affiliates Trust 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															0.49	0.51	0.50	0.56	0.59

National Storage Affiliates Trust LT-Debt-to-Total-Asset Calculation

National Storage Affiliates 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 )
	=	3301.4	/	5931.811
	=	0.56

National Storage Affiliates Trust'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 )
	=	3171.556	/	5366.865
	=	0.59

National Storage Affiliates Trust (NYSE:NSApA.PFD) 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.

National Storage Affiliates Trust LT-Debt-to-Total-Asset Related Terms

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National Storage Affiliates Trust (National Storage Affiliates Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage Affiliates Trust (NYSE:NSApA.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NSA:USA NSA:Mexico 4GC:Germany

Address

8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111

Website

https://www.nationalstorageaffiliates.com

National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. It owned a diversified portfolio of more than 1050 self-storage properties, located in more than 42 states and Puerto Rico, comprising approximately 67.8 million rentable square feet, configured in approximately 533,000 storage units. National Storage's portfolio consists of self-storage properties designed to offer convenient, affordable, and secure storage units.