North Americanome Trust (The) (LSE:NAIT) LT-Debt-to-Total-Asset : 0.08 (As of Jan. 2024)

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What is North Americanome Trust (The) 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. North Americanome Trust (The)'s long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.08.

North Americanome Trust (The)'s long-term debt to total assets ratio increased from Jan. 2023 (0.08) to Jan. 2024 (0.08). It may suggest that North Americanome Trust (The) is progressively becoming more dependent on debt to grow their business.

North Americanome Trust (The) LT-Debt-to-Total-Asset Historical Data

The historical data trend for North Americanome Trust (The)'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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North Americanome Trust (The) LT-Debt-to-Total-Asset Chart

North Americanome Trust (The) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.04

0.09

0.08

North Americanome Trust (The) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.08

North Americanome Trust (The) LT-Debt-to-Total-Asset Calculation

North Americanome Trust (The)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	39.198	/	477.168
	=	0.08

North Americanome Trust (The)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	39.198	/	477.168
	=	0.08

North Americanome Trust (The) (LSE:NAIT) 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.

North Americanome Trust (The) LT-Debt-to-Total-Asset Related Terms

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North Americanome Trust (The) (LSE:NAIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Income Trust (The) PLC (LSE:NAIT) » Definitions » LT-Debt-to-Total-Asset

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NAITl:UK

Address

1 George Street, Edinburgh, GBR, EH2 2LL

Website

https://www.northamericanincome.co.uk

The North American Income Trust PLC is a closed-end investment company. The objective of the company is to provide investors with above average dividend income and long-term capital growth through active management of a portfolio consisting predominately of S&P 500 US equities.

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