GLUPA.PFD (Gabelli Global Utility &ome Trust) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Gabelli Global Utility &ome 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. Gabelli Global Utility &ome Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Gabelli Global Utility &ome Trust's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.03). It may suggest that Gabelli Global Utility &ome Trust is progressively becoming more dependent on debt to grow their business.

Gabelli Global Utility &ome Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gabelli Global Utility &ome 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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Gabelli Global Utility &ome Trust LT-Debt-to-Total-Asset Chart

Gabelli Global Utility &ome Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

Gabelli Global Utility &ome Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	0.03

Gabelli Global Utility &ome Trust LT-Debt-to-Total-Asset Calculation

Gabelli Global Utility &ome Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	3.255	/	118.147
	=	0.03

Gabelli Global Utility &ome Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	3.255	/	118.147
	=	0.03

Gabelli Global Utility &ome Trust (AMEX:GLUpA.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.

Gabelli Global Utility &ome Trust LT-Debt-to-Total-Asset Related Terms

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Gabelli Global Utility &ome Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Global Utility & Income Trust (AMEX:GLUpA.PFD) » Definitions » LT-Debt-to-Total-Asset

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GLUpB.PFD:USA GLU:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company. The Fund's objective is to seek a consistent level of after-tax total return. It predominantly invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.

Gabelli Global Utility &ome Trust Headlines

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