Flagship Communities REIT (TSX:MHC.U) LT-Debt-to-Total-Asset : 0.40 (As of Mar. 2024)

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What is Flagship Communities 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. Flagship Communities REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.40.

Flagship Communities REIT's long-term debt to total assets ratio increased from Mar. 2023 (0.40) to Mar. 2024 (0.40). It may suggest that Flagship Communities REIT is progressively becoming more dependent on debt to grow their business.

Flagship Communities REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Flagship Communities 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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Flagship Communities REIT LT-Debt-to-Total-Asset Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.49

0.37

0.42

0.37

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	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														0.40	0.39	0.39	0.37	0.40

Flagship Communities REIT LT-Debt-to-Total-Asset Calculation

Flagship Communities 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 )
	=	331.848	/	902.601
	=	0.37

Flagship Communities REIT'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 )
	=	376.913	/	932.445
	=	0.40

Flagship Communities REIT (TSX:MHC.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.

Flagship Communities REIT LT-Debt-to-Total-Asset Related Terms

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Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

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