Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) LT-Debt-to-Total-Asset : 0.33 (As of Jun. 2020)

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What is Manulife Floating Rate Senior Loan 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. Manulife Floating Rate Senior Loan Fund's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.33.

Manulife Floating Rate Senior Loan Fund's long-term debt to total assets ratio declined from Jun. 2019 (0.36) to Jun. 2020 (0.33). It may suggest that Manulife Floating Rate Senior Loan Fund is progressively becoming less dependent on debt to grow their business.

Manulife Floating Rate Senior Loan Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Manulife Floating Rate Senior Loan 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.

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Manulife Floating Rate Senior Loan Fund LT-Debt-to-Total-Asset Chart

Manulife Floating Rate Senior Loan Fund Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.38

0.34

0.35

0.37

0.36

Manulife Floating Rate Senior Loan Fund Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.35	0.37	0.36	0.36	0.33

Manulife Floating Rate Senior Loan Fund LT-Debt-to-Total-Asset Calculation

Manulife Floating Rate Senior Loan Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	46.683	/	128.22
	=	0.36

Manulife Floating Rate Senior Loan Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	34.05	/	103.219
	=	0.33

Manulife Floating Rate Senior Loan Fund (TSX:MFR.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.

Manulife Floating Rate Senior Loan Fund LT-Debt-to-Total-Asset Related Terms

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Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

200 Bloor Street East, North Tower, Toronto, ON, CAN, M4W 1E5

Website

http://www.manulifeim.ca

Manulife Floating Rate Senior Loan Fund is a Canada based closed-end investment fund. Its investment objective is to provide holders of units with monthly distributions; to preserve capital and to provide the opportunity for increased income if short-term interest rates rise. It is formed to invest in an actively managed portfolio of investments in senior floating rate loans and, to a lesser extent, short duration debt securities.

Manulife Floating Rate Senior Loan Fund (TSX:MFR.UN) Headlines

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