abrdn Diversifiedome and Growth (LSE:ADIG) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is abrdn Diversifiedome and Growth 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. abrdn Diversifiedome and Growth's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

abrdn Diversifiedome and Growth's long-term debt to total assets ratio increased from Sep. 2022 (0.04) to Sep. 2023 (0.04). It may suggest that abrdn Diversifiedome and Growth is progressively becoming more dependent on debt to grow their business.

abrdn Diversifiedome and Growth LT-Debt-to-Total-Asset Historical Data

The historical data trend for abrdn Diversifiedome and Growth'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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abrdn Diversifiedome and Growth LT-Debt-to-Total-Asset Chart

abrdn Diversifiedome and Growth Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.13

0.04

abrdn Diversifiedome and Growth Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

abrdn Diversifiedome and Growth LT-Debt-to-Total-Asset Calculation

abrdn Diversifiedome and Growth's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	15.73	/	362.633
	=	0.04

abrdn Diversifiedome and Growth's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	15.73	/	362.633
	=	0.04

abrdn Diversifiedome and Growth (LSE:ADIG) 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.

abrdn Diversifiedome and Growth LT-Debt-to-Total-Asset Related Terms

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abrdn Diversifiedome and Growth (LSE:ADIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn Diversified Income and Growth PLC (LSE:ADIG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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ADIGl:UK

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.aberdeendiversified.co.uk

abrdn Diversified Income and Growth PLC is an investment trust. Its investment objective is a total portfolio return of LIBOR (London Interbank Offered Rate) plus 5.5% per annum (net of fees) over rolling five-year periods. It invests globally using a flexible multi-asset approach via quoted and unquoted investments. The company holds a diversified portfolio of financial instruments such as UK Equity Portfolio, Overseas Equity Income Sleeve, Fixed Income, Listed Alternatives, Cash and Cash Equivalents. The company has not restricted the exposure of investments for any geographical regions or sectors and will achieve an appropriate spread of risk by investing in a diversified portfolio of securities and other assets.

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