HomeCo Daily Needs REIT (ASX:HDN) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is HomeCo Daily Needs REIT 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. HomeCo Daily Needs REIT's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

HomeCo Daily Needs REIT's long-term debt to total assets ratio increased from Dec. 2022 (0.32) to Dec. 2023 (0.35). It may suggest that HomeCo Daily Needs REIT is progressively becoming more dependent on debt to grow their business.

HomeCo Daily Needs REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for HomeCo Daily Needs REIT'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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HomeCo Daily Needs REIT LT-Debt-to-Total-Asset Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.33

0.34

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.37	0.33	0.32	0.34	0.35

HomeCo Daily Needs REIT LT-Debt-to-Total-Asset Calculation

HomeCo Daily Needs REIT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1643.3	/	4825.4
	=	0.34

HomeCo Daily Needs REIT'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 )
	=	1627.2	/	4714.2
	=	0.35

HomeCo Daily Needs REIT (ASX:HDN) 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.

HomeCo Daily Needs REIT LT-Debt-to-Total-Asset Related Terms

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HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

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