NLCP (NewLake Capital Partners) Debt-to-Asset : 0.02 (As of Sep. 2024)

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What is NewLake Capital Partners Debt-to-Asset?

NewLake Capital Partners's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7.60 Mil. NewLake Capital Partners's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. NewLake Capital Partners's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $434.58 Mil. NewLake Capital Partners's debt to asset for the quarter that ended in Sep. 2024 was 0.02.

NewLake Capital Partners Debt-to-Asset Historical Data

The historical data trend for NewLake Capital Partners'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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NewLake Capital Partners Debt-to-Asset Chart

NewLake Capital Partners Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.01

NewLake Capital Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial													0.01	0.01	0.01	0.02	0.02

Competitive Comparison of NewLake Capital Partners's Debt-to-Asset

For the REIT - Specialty subindustry, NewLake Capital Partners'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.

NewLake Capital Partners's Debt-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, NewLake Capital Partners's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where NewLake Capital Partners's Debt-to-Asset falls into.

NewLake Capital Partners Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NewLake Capital Partners's Debt-to-Asset for the fiscal year 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	+	1)	/	433.292
	=	0.00

NewLake Capital Partners's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7.6	+	0)	/	434.579
	=	0.02

NewLake Capital Partners (OTCPK:NLCP) 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.

NewLake Capital Partners Debt-to-Asset Related Terms

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NewLake Capital Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NewLake Capital Partners Inc (OTCPK:NLCP) » Definitions » Debt-to-Asset

Comparable Companies

AFCG LAND FPI CORR PW UNIT AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR ASX:ARF ASX:WPR

Traded in Other Exchanges

N/A

Address

50 Locust Avenue, First Floor, New Canaan, CT, USA, 06840

Website

https://www.newlake.com

NewLake Capital Partners Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects. They own a geographically diversified portfolio consisting of thirty one properties across twelve states with thirteen tenants, comprised of seventeen dispensaries and fourteen cultivation facilities.

Executives

David L. Weinstein	director, officer: Chief Executive Officer	62 BEACH STREET, APT. 5F, NEW YORK NY 10013
Gordon F Dugan	director	50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Anthony Coniglio	director, officer: See Remarks	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Lisa Meyer	officer: CFO, Treasurer and Secretary	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Peter Wiser Martay	director	C/O NEWLAKE CAPITAL PARTNERS, INC., 300 575 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Fredric S. Starker	officer: See Remarks	52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Joyce Johnson	director	8251 S LUELLA AVENUE, CHICAGO IL 60617