Noval Property Real Estate Investment Co (ATH:NOVAL) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

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What is Noval Property Real Estate Investment Co 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. Noval Property Real Estate Investment Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.32.

Noval Property Real Estate Investment Co's long-term debt to total assets ratio declined from Dec. 2021 (0.33) to Dec. 2023 (0.32). It may suggest that Noval Property Real Estate Investment Co is progressively becoming less dependent on debt to grow their business.

Noval Property Real Estate Investment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Noval Property Real Estate Investment Co'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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Noval Property Real Estate Investment Co LT-Debt-to-Total-Asset Chart

Noval Property Real Estate Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.33

0.36

0.32

Noval Property Real Estate Investment Co Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.33	0.36	0.32

Noval Property Real Estate Investment Co LT-Debt-to-Total-Asset Calculation

Noval Property Real Estate Investment Co'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 )
	=	216.781	/	670.238
	=	0.32

Noval Property Real Estate Investment Co'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 )
	=	216.781	/	670.238
	=	0.32

Noval Property Real Estate Investment Co (ATH:NOVAL) 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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Noval Property Real Estate Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Noval Property Real Estate Investment Co (ATH:NOVAL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Leof. Mesogeion 2-4, Athens, GRC, 115 27

Website

Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company that aims to offer investors capital growth potential and attractive dividend yield. It has been sourcing, evaluating and acquiring attractive investment opportunities primarily in the Greek real estate market, employing both core and value-add strategies in addition to development projects.

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