DRI Healthcare Trust (TSX:DHT.U) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is DRI Healthcare 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. DRI Healthcare Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

DRI Healthcare Trust's long-term debt to total assets ratio declined from Dec. 2022 (0.39) to Dec. 2023 (0.17). It may suggest that DRI Healthcare Trust is progressively becoming less dependent on debt to grow their business.

DRI Healthcare Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for DRI Healthcare 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.

DRI Healthcare Trust LT-Debt-to-Total-Asset Chart

DRI Healthcare Trust Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.10

0.39

0.17

DRI Healthcare Trust Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.39	0.33	0.22	0.18	0.17

DRI Healthcare Trust LT-Debt-to-Total-Asset Calculation

DRI Healthcare 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 )
	=	145.478	/	834.957
	=	0.17

DRI Healthcare Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	145.478	/	834.957
	=	0.17

DRI Healthcare Trust (TSX:DHT.U) 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.

DRI Healthcare Trust LT-Debt-to-Total-Asset Related Terms

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

DRI Healthcare Trust (TSX:DHT.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DRI Healthcare Trust (TSX:DHT.U) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DHTRF:USA DHT.UN:Canada

Address

100 King Street West, 1 First Canadian Place, Suite 7250, Toronto, ON, CAN, M5X 1B1

Website

https://www.dricapital.com

DRI Healthcare Trust is a pioneer in global pharmaceutical royalty monetization with a more than 30-year history of accelerating innovation by providing capital to inventors, academic institutions, and biopharma companies. In return for providing capital to biopharmaceutical innovators, the company is building a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world.

DRI Healthcare Trust (TSX:DHT.U) Headlines

No Headlines