Abacus Storage King (ASX:ASK) Debt-to-Asset : 0.31 (As of Dec. 2023)

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What is Abacus Storage King Debt-to-Asset?

Abacus Storage King's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1.05 Mil. Abacus Storage King's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$965.71 Mil. Abacus Storage King's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$3,106.95 Mil. Abacus Storage King's debt to asset for the quarter that ended in Dec. 2023 was 0.31.

Abacus Storage King Debt-to-Asset Historical Data

The historical data trend for Abacus Storage King's Debt-to-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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Abacus Storage King Debt-to-Asset Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Debt-to-Asset

0.44

0.43

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Debt-to-Asset	0.44	0.43	0.26	0.31

Competitive Comparison of Abacus Storage King's Debt-to-Asset

For the REIT - Industrial subindustry, Abacus Storage King's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Abacus Storage King's Debt-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Abacus Storage King's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Abacus Storage King's Debt-to-Asset falls into.

Abacus Storage King Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Abacus Storage King's Debt-to-Asset for the fiscal year that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(81.109	+	159.236)	/	558.759
	=	0.43

Abacus Storage King's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.045	+	965.712)	/	3106.947
	=	0.31

Abacus Storage King (ASX:ASK) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Abacus Storage King Debt-to-Asset Related Terms

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Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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