Rural Funds Group (ASX:RFF) Debt-to-Asset : 0.39 (As of Dec. 2023)

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What is Rural Funds Group Debt-to-Asset?

Rural Funds Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$32.8 Mil. Rural Funds Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$668.4 Mil. Rural Funds Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$1,792.4 Mil. Rural Funds Group's debt to asset for the quarter that ended in Dec. 2023 was 0.39.

Rural Funds Group Debt-to-Asset Historical Data

The historical data trend for Rural Funds Group'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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Rural Funds Group Debt-to-Asset Chart

Rural Funds Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.34

0.33

0.38

Rural Funds Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.35	0.33	0.34	0.38	0.39

Competitive Comparison of Rural Funds Group's Debt-to-Asset

For the REIT - Specialty subindustry, Rural Funds Group'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.

Rural Funds Group's Debt-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Rural Funds Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Rural Funds Group's Debt-to-Asset falls into.

Rural Funds Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Rural Funds Group's Debt-to-Asset for the fiscal year that ended in Jun. 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
	=	(33.15	+	607.463)	/	1671.009
	=	0.38

Rural Funds Group'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
	=	(32.775	+	668.406)	/	1792.442
	=	0.39

Rural Funds Group (ASX:RFF) 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.

Rural Funds Group Debt-to-Asset Related Terms

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Rural Funds Group (ASX:RFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rural Funds Group (ASX:RFF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RFNDF:USA

Address

2 King Street, Level 2, Deakin, Canberra, ACT, AUS, 2600

Website

https://www.ruralfunds.com.au

Rural Funds Group is a real estate investment trust, which holds and leases agricultural property and equipment. The company's operating segment includes Almonds; Cattle; Vineyards; Cropping, Macadamias, and Other. It generates maximum revenue from the Almonds segment.

Rural Funds Group (ASX:RFF) Headlines

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