Westfield Trust (ASX:WFT) LT-Debt-to-Total-Asset : 0.92 (As of Dec. 2003)

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What is Westfield 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. Westfield Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2003 was 0.92.

Westfield Trust's long-term debt to total assets ratio increased from Dec. 2001 (0.28) to Dec. 2003 (0.92). It may suggest that Westfield Trust is progressively becoming more dependent on debt to grow their business.

Westfield Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Westfield 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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Westfield Trust LT-Debt-to-Total-Asset Chart

Westfield Trust Annual Data

Trend

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

LT-Debt-to-Total-Asset

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0.20

0.27

0.22

0.28

0.93

Westfield Trust Semi-Annual Data
	Dec95	Dec96	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.27	0.22	0.28	0.93	0.92

Westfield Trust LT-Debt-to-Total-Asset Calculation

Westfield Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2002 is calculated as

LT Debt to Total Assets (A: Dec. 2002 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2002 )	/	Total Assets (A: Dec. 2002 )
	=	9096.8	/	9743.3
	=	0.93

Westfield Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2003 is calculated as

LT Debt to Total Assets (Q: Dec. 2003 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2003 )	/	Total Assets (Q: Dec. 2003 )
	=	11557.7	/	12603.3
	=	0.92

Westfield Trust (ASX:WFT) 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.

Westfield Trust LT-Debt-to-Total-Asset Related Terms

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Westfield Trust (ASX:WFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Westfield Trust (ASX:WFT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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Traded in Other Exchanges

N/A

Address

Website

http://www.westfield.com.au

Westfield Trust (WFT) comprises interests in 50 shopping centres in Australia and New Zealand, with 3.1m sqm2 of gross lettable area servicing more than 9,400 retailers who generate in excess of $13.9 billion of retail sales.

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