Spring Real Estate Investment Trust (HKSE:01426) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2024)

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What is Spring Real Estate Investment 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. Spring Real Estate Investment Trust's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.37.

Spring Real Estate Investment Trust's long-term debt to total assets ratio declined from Jun. 2023 (0.40) to Jun. 2024 (0.37). It may suggest that Spring Real Estate Investment Trust is progressively becoming less dependent on debt to grow their business.

Spring Real Estate Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spring Real Estate Investment 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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Spring Real Estate Investment Trust LT-Debt-to-Total-Asset Chart

Spring Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.31

0.26

0.37

0.39

Spring Real Estate Investment Trust Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.37	0.40	0.39	0.37

Spring Real Estate Investment Trust LT-Debt-to-Total-Asset Calculation

Spring Real Estate Investment 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 )
	=	5466.584	/	13984.537
	=	0.39

Spring Real Estate Investment Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	5061.465	/	13784.871
	=	0.37

Spring Real Estate Investment Trust (HKSE:01426) 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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Spring Real Estate Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spring Real Estate Investment Trust (HKSE:01426) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

LHT Tower, 31 Queen’s Road Central, Room 2602, 26 Floor, Central, Hong Kong, HKG

Website

http://www.springreit.com

Spring Real Estate Investment Trust is a real estate investment trust. The group holds investment properties in China and the United Kingdom and is principally engaged in property investment. It operates in three reportable business segments namely, Rental income, Car park income, and other income. A majority of the company's revenue is produced by the Rental income segment.

Executives

Spring Asset Management Limited	2101 Beneficial owner
Sumitomo Mitsui Banking Corporation	2106 Person having a security interest in shares
Mercuria Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Siberite Limited	2201 Interest of corporation controlled by you
Fang Chao	2201 Interest of corporation controlled by you
Risun Holdings Limited	2201 Interest of corporation controlled by you
Rca02	2201 Interest of corporation controlled by you
Pebblebay Capital Corp	2201 Interest of corporation controlled by you
Lin Minghan	2201 Interest of corporation controlled by you
Huamao Property Holdings Ltd.	2201 Interest of corporation controlled by you
Chia Seok Eng	2201 Interest of corporation controlled by you
Diligent Glory Investments Limited	2201 Interest of corporation controlled by you
Sino-ocean Group Holding Limited
Shining Path Limited
Pare (cayman) Limited	2201 Interest of corporation controlled by you

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