Ecofin Global Utilities and Infrastructure Trust (LSE:EGL) LT-Debt-to-Total-Asset

: 0.09 (As of Sep. 2023)

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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. Ecofin Global Utilities and Infrastructure Trust's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.09.

Ecofin Global Utilities and Infrastructure Trust's long-term debt to total assets ratio declined from Sep. 2022 (0.10) to Sep. 2023 (0.09). It may suggest that Ecofin Global Utilities and Infrastructure Trust is progressively becoming less dependent on debt to grow their business.

Ecofin Global Utilities and Infrastructure Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ecofin Global Utilities and Infrastructure 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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Ecofin Global Utilities and Infrastructure Trust Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

0.10

0.13

0.15

0.10

0.09

Ecofin Global Utilities and Infrastructure Trust Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset										0.15	0.12	0.10	0.09	0.09

Ecofin Global Utilities and Infrastructure Trust LT-Debt-to-Total-Asset Calculation

Ecofin Global Utilities and Infrastructure Trust'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 )
	=	20.002	/	235.945
	=	0.08

Ecofin Global Utilities and Infrastructure Trust'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 )
	=	20.002	/	235.945
	=	0.08

Ecofin Global Utilities and Infrastructure Trust (LSE:EGL) 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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Ecofin Global Utilities and Infrastructure Trust (LSE:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ecofin Global Utilities and Infrastructure Trust PLC (LSE:EGL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EGLl:UK

Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.ecofininvest.com

Ecofin Global Utilities and Infrastructure Trust PLC is an investment trust which is engaged in portfolio investment. The investment objective of the company is to achieve a high, secure dividend yield on its investment portfolio and to realize long-term growth in the capital value of the portfolio.

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