FRMUF (Firm Capital Property Trust) LT-Debt-to-Total-Asset : 0.44 (As of Sep. 2024)

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What is Firm Capital Property Trust 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. Firm Capital Property Trust's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.44.

Firm Capital Property Trust's long-term debt to total assets ratio increased from Sep. 2023 (0.35) to Sep. 2024 (0.44). It may suggest that Firm Capital Property Trust is progressively becoming more dependent on debt to grow their business.

Firm Capital Property Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Firm Capital Property Trust'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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Firm Capital Property Trust LT-Debt-to-Total-Asset Chart

Firm Capital Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.44

0.39

0.37

0.32

Firm Capital Property Trust 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															0.35	0.32	0.37	0.45	0.44

Firm Capital Property Trust LT-Debt-to-Total-Asset Calculation

Firm Capital Property Trust'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 )
	=	153.807	/	475.088
	=	0.32

Firm Capital Property Trust'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 )
	=	213.419	/	481.838
	=	0.44

Firm Capital Property Trust (OTCPK:FRMUF) 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.

Firm Capital Property Trust LT-Debt-to-Total-Asset Related Terms

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Firm Capital Property Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Property Trust (OTCPK:FRMUF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

FCD.UN:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. It operates in five reportable segments: Grocery Anchored Retail, Non-Grocery Anchored Retail, Industrial, Multi-Residential, and Core Service Office Provider. A vast majority of its revenues are derived from the grocery-anchored retail segment. Its products and services are Mortgage Banking, Real Estate Investments, Private Equity, and Alternative Credit.