Mid-America Apartment Communities (LTS:0K1E) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2024)

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What is Mid-America Apartment Communities 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. Mid-America Apartment Communities's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.37.

Mid-America Apartment Communities's long-term debt to total assets ratio declined from Sep. 2023 (0.39) to Sep. 2024 (0.37). It may suggest that Mid-America Apartment Communities is progressively becoming less dependent on debt to grow their business.

Mid-America Apartment Communities LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mid-America Apartment Communities'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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Mid-America Apartment Communities LT-Debt-to-Total-Asset Chart

Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.40

0.39

0.36

Mid-America Apartment Communities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.36	0.38	0.38	0.37

Mid-America Apartment Communities LT-Debt-to-Total-Asset Calculation

Mid-America Apartment Communities's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4072.569	/	11484.503
	=	0.35

Mid-America Apartment Communities's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4385.968	/	11756.252
	=	0.37

Mid-America Apartment Communities (LTS:0K1E) 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.

Mid-America Apartment Communities LT-Debt-to-Total-Asset Related Terms

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Mid-America Apartment Communities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (LTS:0K1E) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA MAA:USA M2K:Germany M2K:Germany M1AA34:Brazil

Address

6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138

Website

https://www.maac.com

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

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