GRIT Investment Trust (LSE:GRIT) LT-Debt-to-Total-Asset : 8.61 (As of Jun. 2023)

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What is GRIT Investment Trust 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 Investment Trust's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 8.61.

GRIT Investment Trust's long-term debt to total assets ratio increased from Jun. 2022 (2.14) to Jun. 2023 (8.61). It may suggest that GRIT Investment Trust is progressively becoming more dependent on debt to grow their business.

GRIT Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for GRIT Investment 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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GRIT Investment Trust LT-Debt-to-Total-Asset Chart

GRIT Investment Trust Annual Data

Trend

Aug13

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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1.48

2.16

GRIT Investment Trust Semi-Annual Data
	Aug14	Feb15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													3.33	1.48	2.14	2.16	8.61

GRIT Investment Trust LT-Debt-to-Total-Asset Calculation

GRIT Investment Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.445	/	0.206
	=	2.16

GRIT Investment Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.37	/	0.043
	=

GRIT Investment Trust (LSE:GRIT) 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 Investment Trust LT-Debt-to-Total-Asset Related Terms

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GRIT Investment Trust (LSE:GRIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GRIT Investment Trust PLC (LSE:GRIT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Cheapside, 3rd Floor, London, GBR, EC2V 6EE

Website

http://www.grinvestmenttrust.com

GRIT Investment Trust PLC is an investment fund specializing in the natural resources industry. Its objective is to generate medium and long-term capital growth through the portfolio of mainly small and mid-capitalization natural resources and mining companies, which are listed on a relevant exchange.

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