Citicore Energy REIT (PHS:CREIT) LT-Debt-to-Total-Asset : 0.48 (As of Sep. 2024)

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What is Citicore Energy 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. Citicore Energy REIT's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.48.

Citicore Energy REIT's long-term debt to total assets ratio declined from Sep. 2023 (0.48) to Sep. 2024 (0.48). It may suggest that Citicore Energy REIT is progressively becoming less dependent on debt to grow their business.

Citicore Energy REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Citicore Energy 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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Citicore Energy REIT LT-Debt-to-Total-Asset Chart

Citicore Energy REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.48

Citicore Energy REIT Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.48	0.48	0.48	0.48

Citicore Energy REIT LT-Debt-to-Total-Asset Calculation

Citicore Energy 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 )
	=	4686.86	/	9722.967
	=	0.48

Citicore Energy 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 )
	=	4687.205	/	9850.14
	=	0.48

Citicore Energy REIT (PHS:CREIT) 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.

Citicore Energy REIT LT-Debt-to-Total-Asset Related Terms

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Citicore Energy REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Citicore Energy REIT Corp (PHS:CREIT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

276 Col. Bonny Serrano Avenue, 11th Floor, Rockwell Santolan Town Plaza, Little Baguio, San Juan, PHL, 1500

Website

https://www.creit.com.ph

Citicore Energy REIT Corp is a real estate investment trust. The company's objective is to own income-generating real estate assets, including renewable energy-generating real estate assets. The Company derives revenues from two segments which are; Sale of solar energy which generates key revenue and includes the generation of electricity from solar power energy through its Clark Solar Power Project, and the Leasing segment which includes the rental operations of the company.

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