Income Financial Trust (TSX:INC.UN) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Income Financial 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. Income Financial Trust's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Income Financial Trust's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Income Financial Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Income Financial 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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Income Financial Trust LT-Debt-to-Total-Asset Chart

Income Financial Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Income Financial Trust Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Income Financial Trust LT-Debt-to-Total-Asset Calculation

Income Financial 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 )
	=	0	/	23.713
	=	0.00

Income Financial Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	24.853
	=	0.00

Income Financial Trust (TSX:INC.UN) 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.

Income Financial Trust LT-Debt-to-Total-Asset Related Terms

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Income Financial Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Income Financial Trust (TSX:INC.UN) » Definitions » LT-Debt-to-Total-Asset

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Address

200 Front Street West, Suite 2510, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

Income Financial Trust is a mutual fund trust. It is managed by Quadravest Capital Management Inc. The trust's investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index, or the S&P MidCap 400 Financials Index.

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