Ground Rentsome Fund (LSE:GRIO) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2022)

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What is Ground Rentsome Fund 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. Ground Rentsome Fund's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.19.

Ground Rentsome Fund's long-term debt to total assets ratio increased from Sep. 2021 (0.16) to Sep. 2022 (0.19). It may suggest that Ground Rentsome Fund is progressively becoming more dependent on debt to grow their business.

Ground Rentsome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ground Rentsome Fund'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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Ground Rentsome Fund LT-Debt-to-Total-Asset Chart

Ground Rentsome Fund Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.14

0.15

0.16

0.19

Ground Rentsome Fund Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.15	0.15	0.16	0.18	0.19

Ground Rentsome Fund LT-Debt-to-Total-Asset Calculation

Ground Rentsome Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	20.731	/	112.235
	=	0.18

Ground Rentsome Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	20.731	/	112.235
	=	0.18

Ground Rentsome Fund (LSE:GRIO) 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.

Ground Rentsome Fund LT-Debt-to-Total-Asset Related Terms

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Ground Rentsome Fund (LSE:GRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ground Rents Income Fund PLC (LSE:GRIO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

http://www.groundrentsincomefund.com

Ground Rents Income Fund PLC is a closed-ended real estate investment trust. It is involved in ground rents which include freeholds and leaseholds of residential, retail, and commercial. Its investment objective is to provide secure long-term performance through investment in long-dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. It also offers a commission on insurance policies. The majority of the revenue is earned by the income received from the ground rent.

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