ELSPRCCL.PFD (Equity Lifestyle Properties) LT-Debt-to-Total-Asset : 0.61 (As of Sep. 2024)

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What is Equity Lifestyle Properties 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. Equity Lifestyle Properties's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.61.

Equity Lifestyle Properties's long-term debt to total assets ratio declined from Sep. 2023 (0.62) to Sep. 2024 (0.61). It may suggest that Equity Lifestyle Properties is progressively becoming less dependent on debt to grow their business.

Equity Lifestyle Properties LT-Debt-to-Total-Asset Historical Data

The historical data trend for Equity Lifestyle Properties'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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Equity Lifestyle Properties LT-Debt-to-Total-Asset Chart

Equity Lifestyle Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.54

0.55

0.58

0.62

Equity Lifestyle Properties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.62	0.62	0.62	0.61	0.61

Equity Lifestyle Properties LT-Debt-to-Total-Asset Calculation

Equity Lifestyle Properties'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 )
	=	3487.607	/	5613.733
	=	0.62

Equity Lifestyle Properties's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3441.872	/	5644.119
	=	0.61

Equity Lifestyle Properties (NYSE:ELSPRCCL.PFD) 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.

Equity Lifestyle Properties LT-Debt-to-Total-Asset Related Terms

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Equity Lifestyle Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Lifestyle Properties Inc (NYSE:ELSPRCCL.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ELS:USA MHV:Germany

Address

Two North Riverside Plaza, Suite 800, Chicago, IL, USA, 60606

Website

https://www.equitylifestyleproperties.com

Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 452 properties across the U.S. with a higher concentration in the Sunbelt region with 38% of the company's properties located in Florida, 12% in Arizona, and 8% in California. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.