Goodman Property Trust (NZSE:GMT) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Goodman Property 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. Goodman Property Trust's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Goodman Property Trust's long-term debt to total assets ratio increased from Sep. 2023 (0.28) to Sep. 2024 (0.33). It may suggest that Goodman Property Trust is progressively becoming more dependent on debt to grow their business.

Goodman Property Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Goodman Property 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.

* Premium members only.

Goodman Property Trust LT-Debt-to-Total-Asset Chart

Goodman Property Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.18

0.21

0.20

0.25

0.26

Goodman Property Trust 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															0.23	0.25	0.28	0.26	0.33

Goodman Property Trust LT-Debt-to-Total-Asset Calculation

Goodman Property 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 )
	=	1219.3	/	4716.9
	=	0.26

Goodman Property Trust'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 )
	=	1537.7	/	4726.2
	=	0.33

Goodman Property Trust (NZSE:GMT) 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.

Goodman Property Trust LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Goodman Property Trust's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Goodman Property Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Goodman Property Trust (NZSE:GMT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

Goodman Property Trust Headlines

No Headlines