RAM Essential Services Property Fund (ASX:REP) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is RAM Essential Services Property Fund 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. RAM Essential Services Property Fund's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

RAM Essential Services Property Fund's long-term debt to total assets ratio increased from Dec. 2022 (0.31) to Dec. 2023 (0.34). It may suggest that RAM Essential Services Property Fund is progressively becoming more dependent on debt to grow their business.

RAM Essential Services Property Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for RAM Essential Services Property Fund'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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RAM Essential Services Property Fund LT-Debt-to-Total-Asset Chart

RAM Essential Services Property Fund Annual Data

Trend

Jun22

Jun23

LT-Debt-to-Total-Asset

0.29

0.34

RAM Essential Services Property Fund Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.27	0.29	0.31	0.34	0.34

RAM Essential Services Property Fund LT-Debt-to-Total-Asset Calculation

RAM Essential Services Property Fund'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 )
	=	278.211	/	816.831
	=	0.34

RAM Essential Services Property Fund'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 )
	=	264.305	/	781.498
	=	0.34

RAM Essential Services Property Fund (ASX:REP) 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.

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RAM Essential Services Property Fund (ASX:REP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RAM Essential Services Property Fund (ASX:REP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Australia Square 264 George Street, Suite 3201, Level 32, Sydney, NSW, AUS, 2000

Website

https://www.ramgroup.com

RAM Essential Services Property Fund invests in high-quality Australian medical and essential retail real estate assets, leased to essential services tenants. Its objective is to provide investors with stable and secure income with the potential for both income and capital growth through exposure to high quality, defensive portfolio of assets with favourable sector trends.

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