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FREVS (First Real Estate Investment Trust of New Jersey) LT-Debt-to-Total-Asset : 0.78 (As of Jul. 2024)


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What is First Real Estate Investment Trust of New Jersey 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. First Real Estate Investment Trust of New Jersey's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.78.

First Real Estate Investment Trust of New Jersey's long-term debt to total assets ratio declined from Jul. 2023 (0.85) to Jul. 2024 (0.78). It may suggest that First Real Estate Investment Trust of New Jersey is progressively becoming less dependent on debt to grow their business.

First Real Estate Investment Trust of New Jersey LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Real Estate Investment Trust of New Jersey'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.

* Premium members only.

First Real Estate Investment Trust of New Jersey LT-Debt-to-Total-Asset Chart

First Real Estate Investment Trust of New Jersey Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 0.86 0.87 0.77 0.86

First Real Estate Investment Trust of New Jersey Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.86 0.86 0.87 0.78

First Real Estate Investment Trust of New Jersey LT-Debt-to-Total-Asset Calculation

First Real Estate Investment Trust of New Jersey's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )/Total Assets (A: Oct. 2023 )
=137.062/159.115
=0.86

First Real Estate Investment Trust of New Jersey's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )/Total Assets (Q: Jul. 2024 )
=128.438/165.037
=0.78

* 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.

First Real Estate Investment Trust of New Jersey  (OTCPK:FREVS) 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.

First Real Estate Investment Trust of New Jersey LT-Debt-to-Total-Asset Related Terms

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First Real Estate Investment Trust of New Jersey Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » First Real Estate Investment Trust of New Jersey Inc (OTCPK:FREVS) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
505 Main Street, Suite 400, Hackensack, NJ, USA, 07601
Website
https://www.freitnj.com
First Real Estate Investment Trust of New Jersey Inc operates in the real estate sector of the United States. It implies the investment in real estate properties and passing on a regular income and benefit of capital appreciation to its shareholders. The company operates in two reportable segments; commercial properties and residential properties. Its revenues consist of fixed rental income from its residential and commercial properties and additional rent in the form of expense reimbursements acquired from its income-producing commercial properties. The majority of revenue is derived from the Residential properties segment.
Executives
Richard Aslanian director 4 WEST RED OAK LANE, SUITE 303, WHITE PLAINS NY 10604
Justin Meng director 10 ROCK HILL LANE, SCARSDALE NY 10583
Ronald J Artinian other: Trustee FIVE BRISTOL DRIVE, MANHASSET NY 10030
Allan Tubin officer: CFO and Treasurer 505 MAIN STREET, HACKENSACK NJ 07601
David Hekemian other: Trustee 505 MAIN STREET, SUITE 400, HACKENSACK NJ 07601
Donald W Barney officer: Trustee & President
Herbert C Klein other: Trustee 155 POLIFLY RD, HACKENSCK NJ 07601
John A Aiello officer: Trustee & Executive Secretary GIORDANO HALLERAN & CLESIA, PC 125 HALF MILE RD PO BOX 190, MIDDLETOWN NJ 07748
David F Mcbride director C/O KEYSTONE PROPERTY TRUST, 200 FOUR FALLS CORPORATE CENTER, WEST CONSHOHOCKEN PA 19428
Hekemian Robert S Jr director 370 PASCACK ROAD, TOWNSHIP OF WASHINGTON NJ 07676
Alan L Aufzien other: Trustee
Robert S Hekemian officer: CEO 505 MAIN ST, SUITE 400, HACKENSACK NJ 07601