New Frontier Properties (JSE:NFP) LT-Debt-to-Total-Asset : 1.14 (As of May. 2020)

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What is New Frontier Properties 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. New Frontier Properties's long-term debt to total assests ratio for the quarter that ended in May. 2020 was 1.14.

New Frontier Properties's long-term debt to total assets ratio declined from May. 2019 (1.15) to May. 2020 (1.14). It may suggest that New Frontier Properties is progressively becoming less dependent on debt to grow their business.

New Frontier Properties LT-Debt-to-Total-Asset Historical Data

The historical data trend for New Frontier Properties'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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New Frontier Properties LT-Debt-to-Total-Asset Chart

New Frontier Properties Annual Data

Trend

Dec14

Aug16

Aug17

Aug18

Aug19

LT-Debt-to-Total-Asset

0.34

0.58

0.71

New Frontier Properties Quarterly Data
	May15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.15	-	-	1.10	1.14

New Frontier Properties LT-Debt-to-Total-Asset Calculation

New Frontier Properties's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2019 is calculated as

LT Debt to Total Assets (A: Aug. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2019 )	/	Total Assets (A: Aug. 2019 )
	=	0	/	2253.104
	=	0.00

New Frontier Properties's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2020 is calculated as

LT Debt to Total Assets (Q: May. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2020 )	/	Total Assets (Q: May. 2020 )
	=	1774.194	/	1554.936
	=	1.14

New Frontier Properties (JSE:NFP) 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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New Frontier Properties (JSE:NFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » New Frontier Properties Ltd (JSE:NFP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

B45 Twenty Foot Road, 5th Floor, La Croisette, Grand Baie, MUS

Website

http://newfrontierprop.com

New Frontier Properties Ltd operates as a UK real estate investment trust. The company's primary objective is to acquire and develop good quality, income-generating retail and logistics property in the UK and Europe. Its investment portfolio comprises UK shopping centers, Cleveland Centre in Middlesbrough, Coopers Square in Burton upon Trent, and Houndshill Shopping Centre in Blackpool.

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