Primaris REIT (FRA:H0D) LT-Debt-to-Total-Asset : 0.40 (As of Sep. 2024)

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What is Primaris 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. Primaris REIT's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.40.

Primaris REIT's long-term debt to total assets ratio increased from Sep. 2023 (0.25) to Sep. 2024 (0.40). It may suggest that Primaris REIT is progressively becoming more dependent on debt to grow their business.

Primaris REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Primaris 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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Primaris REIT LT-Debt-to-Total-Asset Chart

Primaris REIT Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.14

0.24

0.18

0.33

Primaris REIT Quarterly Data
	Mar12	Jun12	Sep12	Dec12	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															0.25	0.33	0.34	0.33	0.40

Primaris REIT LT-Debt-to-Total-Asset Calculation

Primaris REIT'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 )
	=	878.16	/	2665.448
	=	0.33

Primaris REIT'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 )
	=	1105.042	/	2753.295
	=	0.40

Primaris REIT (FRA:H0D) 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.

Primaris REIT LT-Debt-to-Total-Asset Related Terms

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Primaris REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Primaris REIT (FRA:H0D) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PMREF:USA PMZ.UN:Canada

Address

181 Bay Street, Suite 2720, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

https://www.primarisreit.com

Primaris REIT is an unincorporated, open-ended real estate investment trust. Through its subsidiaries, it owns, develops, and operates a national retail portfolio focused on enclosed shopping centres located primarily in secondary Canadian markets. Its property portfolio includes; Dufferin Mall, Stone Road Mall, Orchard Park, and Devonshire Mall. The company generates a majority of its revenue from the Rent receivables.

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