Allied Properties Real Estate Investment Trust (Allied Properties Real Estate Investment Trust) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is Allied Properties Real Estate Investment Trust 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. Allied Properties Real Estate Investment Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Allied Properties Real Estate Investment Trust's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.34). It may suggest that Allied Properties Real Estate Investment Trust is progressively becoming more dependent on debt to grow their business.

Allied Properties Real Estate Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Allied Properties Real Estate Investment Trust'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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Allied Properties Real Estate Investment Trust LT-Debt-to-Total-Asset Chart

Allied Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.30

0.34

0.33

0.34

Allied Properties Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.34	0.34	0.32	0.34

Allied Properties Real Estate Investment Trust LT-Debt-to-Total-Asset Calculation

Allied Properties Real Estate Investment Trust'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 )
	=	2654.297	/	7907.935
	=	0.34

Allied Properties Real Estate Investment Trust'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 )
	=	2654.297	/	7907.935
	=	0.34

Allied Properties Real Estate Investment Trust (OTCPK:APYRF) 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.

Allied Properties Real Estate Investment Trust LT-Debt-to-Total-Asset Related Terms

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Allied Properties Real Estate Investment Trust (Allied Properties Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Allied Properties Real Estate Investment Trust (OTCPK:APYRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

5G8:Germany AP.UN:Canada

Address

134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2

Website

https://www.alliedreit.com

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.