Asset Plus (NZSE:APL) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Asset Plus 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. Asset Plus's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Asset Plus's long-term debt to total assets ratio declined from Sep. 2023 (0.18) to Sep. 2024 (0.00). It may suggest that Asset Plus is progressively becoming less dependent on debt to grow their business.

Asset Plus LT-Debt-to-Total-Asset Historical Data

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

Asset Plus Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.34

0.05

0.25

0.31

Asset Plus Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.31	0.18	-	-

Asset Plus LT-Debt-to-Total-Asset Calculation

Asset Plus'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 )
	=	0	/	190.304
	=	0.00

Asset Plus'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 )
	=	0	/	190.797
	=	0.00

Asset Plus (NZSE:APL) 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.

Asset Plus LT-Debt-to-Total-Asset Related Terms

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Asset Plus Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Asset Plus Ltd (NZSE:APL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

C/- Centuria Funds Management Limited, 30 Gaunt Street, Level 2, Bayleys House, Wynyard Quarter, Auckland, NTL, NZL, 1010

Website

https://www.assetplusnz.co.nz

Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.

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