GRIT Real Estateome Group (LSE:GR1T) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is GRIT Real Estateome 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. GRIT Real Estateome Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.45.

GRIT Real Estateome Group's long-term debt to total assets ratio increased from Dec. 2022 (0.44) to Dec. 2023 (0.45). It may suggest that GRIT Real Estateome Group is progressively becoming more dependent on debt to grow their business.

GRIT Real Estateome Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for GRIT Real Estateome 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.

* Premium members only.

GRIT Real Estateome Group LT-Debt-to-Total-Asset Chart

GRIT Real Estateome Group Annual Data

Trend

Aug13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.20

0.42

0.29

0.40

GRIT Real Estateome Group Semi-Annual Data
	Aug13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.29	0.44	0.40	0.45

GRIT Real Estateome Group LT-Debt-to-Total-Asset Calculation

GRIT Real Estateome Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	288.855	/	718.888
	=	0.40

GRIT Real Estateome Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	314.116	/	705.931
	=	0.44

GRIT Real Estateome Group (LSE:GR1T) 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.

GRIT Real Estateome Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of GRIT Real Estateome Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

GRIT Real Estateome Group (LSE:GR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GRIT Real Estate Income Group Ltd (LSE:GR1T) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DEL.N0000:Mauritius

Address

The Precinct,, M2 Junction, B11 Fond du Sac Road, Grand Baie, MUS, 31301

Website

https://www.grit.group

GRIT Real Estate Income Group Ltd is a real estate income group operating in selected African countries that invest in real estate assets. Its geographical segments include Botswana, Senegal, Morocco, Mozambique, Zambia, Kenya, Ghana, and Mauritius.

GRIT Real Estateome Group (LSE:GR1T) Headlines

No Headlines