What is PIMCO Accessome Fund 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. PIMCO Accessome Fund's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.42.
PIMCO Accessome Fund's long-term debt to total assets ratio
declined
from Dec. 2022 (0.44) to Dec. 2023 (0.42).
It may suggest that PIMCO Accessome Fund is progressively becoming less dependent on debt to grow their business.
PIMCO Accessome Fund LT-Debt-to-Total-Asset Historical Data
The historical data trend for PIMCO Accessome Fund'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.
PIMCO Accessome Fund LT-Debt-to-Total-Asset Chart
PIMCO Accessome Fund Annual Data
Trend
Jun22
Jun23
LT-Debt-to-Total-Asset
0.32
0.40
PIMCO Accessome Fund Semi-Annual Data
Jun22
Dec22
Jun23
Dec23
LT-Debt-to-Total-Asset
0.32
0.44
0.40
0.42
PIMCO Accessome Fund LT-Debt-to-Total-Asset Calculation
PIMCO Accessome Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
PIMCO Accessome Fund (NYSE:PAXS) 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.
PIMCO Accessome Fund LT-Debt-to-Total-Asset Related Terms
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PIMCO Accessome Fund (PIMCO Accessome Fund) Business Description
PIMCO Access Income Fund is a non-diversified, limited-term, closed-end management investment company. The fund seeks current income as a primary objective and capital appreciation as a secondary objective. It achieves the investment objectives by utilizing a dynamic asset allocation strategy among multiple sectors in the global public and private credit markets, including corporate debt.
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