Collins Property Group (JSE:CPP) LT-Debt-to-Total-Asset : 0.49 (As of Aug. 2024)

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What is Collins Property Group 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. Collins Property Group's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.49.

Collins Property Group's long-term debt to total assets ratio increased from Aug. 2023 (0.47) to Aug. 2024 (0.49). It may suggest that Collins Property Group is progressively becoming more dependent on debt to grow their business.

Collins Property Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Collins Property Group'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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Collins Property Group LT-Debt-to-Total-Asset Chart

Collins Property Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.44

0.48

0.46

0.48

0.50

Collins Property Group Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.48	0.47	0.50	0.49

Collins Property Group LT-Debt-to-Total-Asset Calculation

Collins Property Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	6167.034	/	12332.206
	=	0.50

Collins Property Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	5925.926	/	12107.963
	=	0.49

Collins Property Group (JSE:CPP) 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.

Collins Property Group LT-Debt-to-Total-Asset Related Terms

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Collins Property Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Collins Property Group Ltd (JSE:CPP) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1 Richefond Circle, Ridgeside Office Park, Umhlanga, NL, ZAF, 4319

Website

https://www.tradehold.co.za

Collins Property Group Ltd operates as an investment holding company, with interests in real properties, service offices, and financial services. Its activities include the development and management of commercial and residential real estate. It operates through the following segments that include Property Austria, Property Namibia, Property rest of Africa, Property South Africa, and Other. Its revenue includes rental income, initiation fees, interest income, other fee income and service charges, and revenue from hotel operations.