Seritage Growth Properties (FRA:1D3) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is Seritage Growth 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. Seritage Growth Properties's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

Seritage Growth Properties's long-term debt to total assets ratio declined from Mar. 2023 (0.53) to Mar. 2024 (0.36). It may suggest that Seritage Growth Properties is progressively becoming less dependent on debt to grow their business.

Seritage Growth Properties LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seritage Growth 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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Seritage Growth Properties LT-Debt-to-Total-Asset Chart

Seritage Growth Properties Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.58

0.61

0.56

0.37

Seritage Growth Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.47	0.39	0.37	0.36

Seritage Growth Properties LT-Debt-to-Total-Asset Calculation

Seritage Growth 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 )
	=	330.12	/	893.033
	=	0.37

Seritage Growth Properties's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	303.6	/	841.403
	=	0.36

Seritage Growth Properties (FRA:1D3) 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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Seritage Growth Properties (FRA:1D3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Seritage Growth Properties (FRA:1D3) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SRGpA.PFD:USA SRG:USA

Address

500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110

Website

https://www.seritage.com

Seritage Growth Properties is engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.

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