Songbird Estates (LSE:SBD) LT-Debt-to-Total-Asset : 0.35 (As of Jun. 2014)

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What is Songbird Estates 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. Songbird Estates's long-term debt to total assests ratio for the quarter that ended in Jun. 2014 was 0.35.

Songbird Estates's long-term debt to total assets ratio declined from Jun. 2013 (0.55) to Jun. 2014 (0.35). It may suggest that Songbird Estates is progressively becoming less dependent on debt to grow their business.

Songbird Estates LT-Debt-to-Total-Asset Historical Data

The historical data trend for Songbird Estates'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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Songbird Estates LT-Debt-to-Total-Asset Chart

Songbird Estates Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

LT-Debt-to-Total-Asset

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0.69

0.59

0.58

0.52

0.42

Songbird Estates Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.57	0.52	0.55	0.42	0.35

Songbird Estates LT-Debt-to-Total-Asset Calculation

Songbird Estates's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2013 is calculated as

LT Debt to Total Assets (A: Dec. 2013 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2013 )	/	Total Assets (A: Dec. 2013 )
	=	3092.5	/	7382
	=	0.42

Songbird Estates's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2014 is calculated as

LT Debt to Total Assets (Q: Jun. 2014 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2014 )	/	Total Assets (Q: Jun. 2014 )
	=	2725	/	7763
	=	0.35

Songbird Estates (LSE:SBD) 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.

Songbird Estates LT-Debt-to-Total-Asset Related Terms

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Songbird Estates (LSE:SBD) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Songbird Estates PLC (LSE:SBD) » Definitions » LT-Debt-to-Total-Asset

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Songbird Estates PLC was incorporated on February 13, 2004 in England and Wales. The Company, through its subsidiary, Canary Wharf Group is engaged in property investment and development and is currently focused on the development of the Estate and an adjacent development to the east of Canary Wharf.

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