STS Globalome & Growth Trust (LSE:STS) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is STS Globalome & Growth 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. STS Globalome & Growth Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

STS Globalome & Growth Trust's long-term debt to total assets ratio declined from Sep. 2022 (0.07) to Mar. 2024 (0.04). It may suggest that STS Globalome & Growth Trust is progressively becoming less dependent on debt to grow their business.

STS Globalome & Growth Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for STS Globalome & Growth 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.

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STS Globalome & Growth Trust LT-Debt-to-Total-Asset Chart

STS Globalome & Growth Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.07

0.06

0.07

0.04

STS Globalome & Growth Trust Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.07	0.07	0.04

STS Globalome & Growth Trust LT-Debt-to-Total-Asset Calculation

STS Globalome & Growth Trust'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 )
	=	15.449	/	391.111
	=	0.04

STS Globalome & Growth Trust'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 )
	=	15.449	/	391.111
	=	0.04

STS Globalome & Growth Trust (LSE:STS) 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.

STS Globalome & Growth Trust LT-Debt-to-Total-Asset Related Terms

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STS Globalome & Growth Trust (LSE:STS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » STS Global Income & Growth Trust PLC (LSE:STS) » Definitions » LT-Debt-to-Total-Asset

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STSl:UK

Address

28 Walker Street, Edinburgh, GBR, EH3 7HR

Website

https://www.stsplc.co.uk

STS Global Income & Growth Trust PLC is an investment trust which invests in a diversified portfolio of assets. Its objective is to achieve long-term capital growth from investments in a portfolio constructed from equities and invests mainly in large capitalization companies. The company invests in Financials; Information technology; Industrials; Consumer staples; Consumer discretionary; Healthcare; Real estate and Communication services sectors. It has a presence in North America, Europe, and the Asia Pacific.

STS Globalome & Growth Trust (LSE:STS) Headlines

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