Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) LT-Debt-to-Total-Asset : 0.05 (As of Feb. 2024)

View and export this data going back to . Start your Free Trial

What is Invesco Trust for Investment Grade Municipals 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. Invesco Trust for Investment Grade Municipals's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.05.

Invesco Trust for Investment Grade Municipals's long-term debt to total assets ratio declined from Feb. 2023 (0.11) to Feb. 2024 (0.05). It may suggest that Invesco Trust for Investment Grade Municipals is progressively becoming less dependent on debt to grow their business.

Invesco Trust for Investment Grade Municipals LT-Debt-to-Total-Asset Historical Data

The historical data trend for Invesco Trust for Investment Grade Municipals'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.

* Premium members only.

Invesco Trust for Investment Grade Municipals LT-Debt-to-Total-Asset Chart

Invesco Trust for Investment Grade Municipals Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.19

0.17

0.11

0.05

Invesco Trust for Investment Grade Municipals Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.17	0.16	0.11	0.08	0.05

Invesco Trust for Investment Grade Municipals LT-Debt-to-Total-Asset Calculation

Invesco Trust for Investment Grade Municipals's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	46.5	/	947.062
	=	0.05

Invesco Trust for Investment Grade Municipals's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	46.5	/	947.062
	=	0.05

Invesco Trust for Investment Grade Municipals (NYSE:VGM) 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.

Invesco Trust for Investment Grade Municipals LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Invesco Trust for Investment Grade Municipals's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Trust for Investment Grade Municipals (NYSE:VGM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309

Website

https://www.invesco.com

Invesco Trust for Investment Grade Municipals is active in the financial services sector. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

Executives

Glenn Eugene Brightman	officer: President & PEO	570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher	officer: Senior Vice President	1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong	director, officer: Senior Vice President	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold	officer: SVP, CLO and Secretary	1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson	officer: Chief Accounting Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron	officer: Chief Financial Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr	officer: Senior Officer & SVP	C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Josh Cooney	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Rebecca Setcavage	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes	officer: Vice President,PFO & Treasurer	1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes	officer: SMD and CFO	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Loren M Starr	director
Annette Lege	director, officer: CFO & CAO	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Kevin M Carome	director
Todd F Kuehl	officer: Chief Compliance officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309

Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Headlines

From GuruFocus

Invesco Trust for Investment Grade Municipals's Dividend Analysis

By GuruFocus Research • 01-15-2024

Invesco Trust for Investment Grade Municipals's Dividend Analysis

By GuruFocus Research • 10-13-2023