Picton Propertyome (LSE:PCTN) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Picton Propertyome 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. Picton Propertyome's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Picton Propertyome's long-term debt to total assets ratio increased from Mar. 2023 (0.28) to Mar. 2024 (0.30). It may suggest that Picton Propertyome is progressively becoming more dependent on debt to grow their business.

Picton Propertyome LT-Debt-to-Total-Asset Historical Data

The historical data trend for Picton Propertyome'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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Picton Propertyome LT-Debt-to-Total-Asset Chart

Picton Propertyome Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.24

0.23

0.25

0.28

0.30

Picton Propertyome Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.26	0.28	0.29	0.30

Picton Propertyome LT-Debt-to-Total-Asset Calculation

Picton Propertyome's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	228.819	/	773.916
	=	0.30

Picton Propertyome's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	228.819	/	773.916
	=	0.30

Picton Propertyome (LSE:PCTN) 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.

Picton Propertyome LT-Debt-to-Total-Asset Related Terms

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Picton Propertyome (LSE:PCTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Picton Property Income Ltd (LSE:PCTN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st & 2nd Floors, Elizabeth House, Les Ruettes Brayes, Saint Peter Port, GGY, GY1 1EW

Website

https://www.picton.co.uk

Picton Property Income Ltd is a UK Real Estate Investment Trust which invests in commercial property across the United Kingdom. It owns a property portfolio consisting of assets invested across the main commercial property sectors: Industrial, Office, Retail, and Leisure. The portfolio is invested in the industrial and office sectors and is biased towards London and the South East. Some of the properties include Parkbury Industrial Estate, River Way Industrial Estate, Angel Gate, Stanford House, Tower Wharf, and others.

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