Elite UK REIT (SGX:MXNU) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

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What is Elite UK REIT 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. Elite UK REIT's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

Elite UK REIT's long-term debt to total assets ratio declined from Dec. 2022 (0.44) to Dec. 2023 (0.21). It may suggest that Elite UK REIT is progressively becoming less dependent on debt to grow their business.

Elite UK REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elite UK REIT'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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Elite UK REIT LT-Debt-to-Total-Asset Chart

Elite UK REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.37

0.31

0.41

0.44

0.21

Elite UK REIT Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.41	0.23	0.44	0.45	0.21

Elite UK REIT LT-Debt-to-Total-Asset Calculation

Elite UK REIT'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 )
	=	95.245	/	444.043
	=	0.21

Elite UK REIT'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 )
	=	95.245	/	444.043
	=	0.21

Elite UK REIT (SGX:MXNU) 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.

Elite UK REIT LT-Debt-to-Total-Asset Related Terms

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Elite UK REIT (SGX:MXNU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elite UK REIT (SGX:MXNU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Temasek Boulevard, 37-02, Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.elitecreit.com

Elite Commercial REIT invests in commercial assets and real estate-related assets in the UK. It has commercial buildings located across the UK.

Elite UK REIT (SGX:MXNU) Headlines

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