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Pioneer Floating Rate Trust LT-Debt-to-Total-Asset

: 0.28 (As of May. 2020)
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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. Pioneer Floating Rate Trust's long-term debt to total assests ratio for the quarter that ended in May. 2020 was 0.28.

Pioneer Floating Rate Trust's long-term debt to total assets ratio declined from May. 2019 (0.31) to May. 2020 (0.28). It may suggest that Pioneer Floating Rate Trust is progressively becoming less dependent on debt to grow their business.


Pioneer Floating Rate Trust LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pioneer Floating Rate Trust Annual Data
Nov17 Nov18 Nov19
LT-Debt-to-Total-Asset 0.31 0.32 0.30

Pioneer Floating Rate Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20
LT-Debt-to-Total-Asset Premium Member Only 0.31 0.32 0.31 0.30 0.28

Pioneer Floating Rate Trust LT-Debt-to-Total-Asset Calculation

Pioneer Floating Rate Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2019 is calculated as

LT Debt to Total Assets (A: Nov. 2019 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2019 )/Total Assets (A: Nov. 2019 )
=139.45/461.715
=0.30

Pioneer Floating Rate Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2020 is calculated as

LT Debt to Total Assets (Q: May. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2020 )/Total Assets (Q: May. 2020 )
=103.45/374.192
=0.28

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Pioneer Floating Rate Trust  (NYSE:PHD) 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.


Pioneer Floating Rate Trust LT-Debt-to-Total-Asset Related Terms


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