Safestore Holdings (LSE:SAFE) LT-Debt-to-Total-Asset : 0.26 (As of Oct. 2023)

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What is Safestore Holdings 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. Safestore Holdings's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.26.

Safestore Holdings's long-term debt to total assets ratio increased from Oct. 2022 (0.22) to Oct. 2023 (0.26). It may suggest that Safestore Holdings is progressively becoming more dependent on debt to grow their business.

Safestore Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Safestore Holdings'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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Safestore Holdings LT-Debt-to-Total-Asset Chart

Safestore Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

LT-Debt-to-Total-Asset

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0.32

0.31

0.26

0.22

0.26

Safestore Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.28	0.22	0.28	0.26

Safestore Holdings LT-Debt-to-Total-Asset Calculation

Safestore Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	769.6	/	2956.9
	=	0.26

Safestore Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	769.6	/	2956.9
	=	0.26

Safestore Holdings (LSE:SAFE) 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.

Safestore Holdings LT-Debt-to-Total-Asset Related Terms

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Safestore Holdings (LSE:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safestore Holdings PLC (LSE:SAFE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SFSHF:USA SAFEl:UK IHF:Germany

Address

Brittanic House, Stirling Way, Borehamwood, Hertfordshire, GBR, WD6 2BT

Website

https://www.safestore.co.uk

Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on the acquisition and operation of storage locations in wealthy, densely populated areas in Europe. Safestore's properties in the United Kingdom comprise the vast majority of its total holdings. The company derives the majority of its revenue from the rental of its self-storage lockers and the remaining from the sale of insurance and packaging materials. Southeast England and London account for the majority of Safestore's income. Total occupancy is split fairly evenly between individuals and businesses ranging from online retailers to large, multinational companies.