Artis Real Estate Investment Trust (TSX:AX.PR.G.PFD) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is Artis Real Estate Investment 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. Artis Real Estate Investment Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

Artis Real Estate Investment Trust's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.30). It may suggest that Artis Real Estate Investment Trust is progressively becoming more dependent on debt to grow their business.

Artis Real Estate Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Artis Real Estate Investment 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.

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Artis Real Estate Investment Trust LT-Debt-to-Total-Asset Chart

Artis Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.40

0.34

0.25

0.21

0.28

Artis Real Estate Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.29	0.40	0.28	0.30

Artis Real Estate Investment Trust LT-Debt-to-Total-Asset Calculation

Artis Real Estate Investment Trust'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 )
	=	1042.309	/	3735.03
	=	0.28

Artis Real Estate Investment Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1127.57	/	3750.432
	=	0.30

Artis Real Estate Investment Trust (TSX:AX.PR.G.PFD) 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.

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Artis Real Estate Investment Trust (TSX:AX.PR.G.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.PR.G.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ARESF:USA AX.PR.I.PFD:Canada AX.UN:Canada AX.PR.E.PFD:Canada

Address

220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5

Website

https://www.artisreit.com

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

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