Premiumome (TSX:PIC.A) LT-Debt-to-Total-Asset : 0.00 (As of Oct. 2023)

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What is Premiumome 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. Premiumome's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.00.

Premiumome's long-term debt to total assets ratio stayed the same from Oct. 2022 (0.00) to Oct. 2023 (0.00).

Premiumome LT-Debt-to-Total-Asset Historical Data

The historical data trend for Premiumome'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.

Premiumome LT-Debt-to-Total-Asset Chart

Premiumome Annual Data

Trend

Oct14

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Oct16

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Oct18

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Oct20

Oct21

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Oct23

LT-Debt-to-Total-Asset

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Premiumome Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Premiumome LT-Debt-to-Total-Asset Calculation

Premiumome's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (A: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2023 )	/	Total Assets (A: Oct. 2023 )
	=	0	/	237.156
	=

Premiumome's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	0	/	237.156
	=

Premiumome (TSX:PIC.A) 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.

Premiumome LT-Debt-to-Total-Asset Related Terms

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Premiumome (TSX:PIC.A) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.A) » Definitions » LT-Debt-to-Total-Asset

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PIC.PR.A.PFD:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

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