Residential Secureome (CHIX:RESIL) LT-Debt-to-Total-Asset : 0.55 (As of Sep. 2023)

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What is Residential Secureome 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. Residential Secureome's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.55.

Residential Secureome's long-term debt to total assets ratio increased from Sep. 2021 (0.51) to Sep. 2023 (0.55). It may suggest that Residential Secureome is progressively becoming more dependent on debt to grow their business.

Residential Secureome LT-Debt-to-Total-Asset Historical Data

The historical data trend for Residential Secureome'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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Residential Secureome LT-Debt-to-Total-Asset Chart

Residential Secureome Annual Data

Trend

Jun17

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.42

0.48

0.51

0.52

0.55

Residential Secureome Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.51	0.51	0.52	0.57	0.55

Residential Secureome LT-Debt-to-Total-Asset Calculation

Residential Secureome's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	213.336	/	389.433
	=	0.55

Residential Secureome's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	213.336	/	389.433
	=	0.55

Residential Secureome (CHIX:RESIl) 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.

Residential Secureome LT-Debt-to-Total-Asset Related Terms

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Residential Secureome (CHIX:RESIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Residential Secure Income PLC (CHIX:RESIl) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RESI:UK

Address

The Pavilions, Bridgwater Road, Bristol, GBR, BS13 8FD

Website

https://www.resi-reit.com

Residential Secure Income PLC is a closed-ended company established to invest in Social Housing as a real estate investment trust. The company invests in residential asset classes that comprise the stock of registered UK social housing providers, Housing Associations, and Local Authorities. Its only operating segment being an investment property. Geographically, it operates only in the United Kingdom.

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