NNLRF (Nova Net Lease REIT) LT-Debt-to-Total-Asset : 0.12 (As of Sep. 2024)

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What is Nova Net Lease REIT 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. Nova Net Lease REIT's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.12.

Nova Net Lease REIT's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.12). It may suggest that Nova Net Lease REIT is progressively becoming more dependent on debt to grow their business.

Nova Net Lease REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nova Net Lease REIT'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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Nova Net Lease REIT LT-Debt-to-Total-Asset Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.12

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	0.12	0.12	0.12	0.12

Nova Net Lease REIT LT-Debt-to-Total-Asset Calculation

Nova Net Lease REIT'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 )
	=	1.92	/	15.995
	=	0.12

Nova Net Lease REIT'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 )
	=	1.916	/	15.427
	=	0.12

Nova Net Lease REIT (OTCPK:NNLRF) 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.

Nova Net Lease REIT LT-Debt-to-Total-Asset Related Terms

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Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (OTCPK:NNLRF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.