GCP Asset Backedome Fund (CHIX:GABIL) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is GCP Asset Backedome 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. GCP Asset Backedome Fund's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

GCP Asset Backedome Fund's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.00). It may suggest that GCP Asset Backedome Fund is progressively becoming less dependent on debt to grow their business.

GCP Asset Backedome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for GCP Asset Backedome 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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GCP Asset Backedome Fund LT-Debt-to-Total-Asset Chart

GCP Asset Backedome Fund Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.04

0.07

GCP Asset Backedome Fund Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												-	0.07	0.11	-	-

GCP Asset Backedome Fund LT-Debt-to-Total-Asset Calculation

GCP Asset Backedome Fund'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 )
	=	0	/	398.111
	=	0.00

GCP Asset Backedome Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	242.919
	=	0.00

GCP Asset Backedome Fund (CHIX:GABIl) 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.

GCP Asset Backedome Fund LT-Debt-to-Total-Asset Related Terms

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GCP Asset Backedome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GCP Asset Backed Income Fund Ltd (CHIX:GABIl) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GABI:UK

Address

IFC 5, Saint Helier, JEY, JE1 1ST

Website

http://www.gcpassetbacked.com

GCP Asset Backed Income Fund Ltd is a closed-ended investment company. Its objective is to generate risk-adjusted returns through regular, growing distributions and modest capital appreciation over the long term. It provides investors with exposure to a portfolio of United Kingdom-based asset-backed loans secured against cash flows or physical assets. The company invests in a diversified portfolio of fixed and floating-rate loans secured against physical assets, which have contracted, predictable medium-to-long-term cash flows. It invests in various sectors, which include asset finance, property, energy and infrastructure, and social infrastructure among others.

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