Polar Capital Global Financials Trust (LSE:PCFT) LT-Debt-to-Total-Asset : 0.11 (As of May. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Polar Capital Global Financials 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. Polar Capital Global Financials Trust's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.11.

Polar Capital Global Financials Trust's long-term debt to total assets ratio declined from May. 2023 (0.12) to May. 2024 (0.11). It may suggest that Polar Capital Global Financials Trust is progressively becoming less dependent on debt to grow their business.

Polar Capital Global Financials Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Polar Capital Global Financials 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.

* Premium members only.

Polar Capital Global Financials Trust LT-Debt-to-Total-Asset Chart

Polar Capital Global Financials Trust Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.05

0.11

0.10

0.12

Polar Capital Global Financials Trust Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.10	0.12	0.12	0.11

Polar Capital Global Financials Trust LT-Debt-to-Total-Asset Calculation

Polar Capital Global Financials Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	69.032	/	564.311
	=	0.12

Polar Capital Global Financials Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	68.894	/	636.102
	=	0.11

Polar Capital Global Financials Trust (LSE:PCFT) 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.

Polar Capital Global Financials Trust LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Polar Capital Global Financials Trust's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Polar Capital Global Financials Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Global Financials Trust PLC (LSE:PCFT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PCFTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitalglobalfinancialstrust.com

Polar Capital Global Financials Trust PLC is an asset management firm based in the United Kingdom. Its core objective is to provide its investors with a growing dividend income with capital appreciation. To achieve this, the company invests in listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other subsectors. Its portfolio entails equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options, and other instruments, including derivatives. It has a diversified portfolio of investments in different geographical regions such as North America, Europe, Asia, the United Kingdom, Latin America, Japan, and East Europe.

Polar Capital Global Financials Trust Headlines

No Headlines