EFRTF (Nexus Industrial REIT) LT-Debt-to-Total-Asset : 0.44 (As of Dec. 2024)

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What is Nexus Industrial REIT 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. Nexus Industrial REIT's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.44.

Nexus Industrial REIT's long-term debt to total assets ratio increased from Dec. 2023 (0.43) to Dec. 2024 (0.44). It may suggest that Nexus Industrial REIT is progressively becoming more dependent on debt to grow their business.

Nexus Industrial REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nexus Industrial REIT'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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Nexus Industrial REIT LT-Debt-to-Total-Asset Chart

Nexus Industrial REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.43

0.38

0.39

0.43

0.44

Nexus Industrial REIT Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.43	0.44	0.44	0.44

Nexus Industrial REIT LT-Debt-to-Total-Asset Calculation

Nexus Industrial REIT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	797.286	/	1828.076
	=	0.44

Nexus Industrial REIT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	797.286	/	1828.076
	=	0.44

Nexus Industrial REIT (OTCPK:EFRTF) 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.

Nexus Industrial REIT LT-Debt-to-Total-Asset Related Terms

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Nexus Industrial REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nexus Industrial REIT (OTCPK:EFRTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

J6D:Germany NXR.UN:Canada

Address

105-586 Argus Road, Oakville, ON, CAN, L6J 3J3

Website

https://www.nexusreit.com

Nexus Industrial REIT is a Canada-based growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office, and retail properties. REIT has a single reportable segment.