Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Lanesborough Real Estate Investment 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. Lanesborough Real Estate Investment Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Lanesborough Real Estate Investment Trust's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.28). It may suggest that Lanesborough Real Estate Investment Trust is progressively becoming more dependent on debt to grow their business.

Lanesborough Real Estate Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lanesborough Real Estate Investment 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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Lanesborough Real Estate Investment Trust LT-Debt-to-Total-Asset Chart

Lanesborough Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.57

0.93

0.20

0.49

0.10

Lanesborough Real Estate Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															-	0.21	0.21	0.10	0.28

Lanesborough Real Estate Investment Trust LT-Debt-to-Total-Asset Calculation

Lanesborough Real Estate Investment 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 )
	=	8.539	/	87.639
	=	0.10

Lanesborough Real Estate Investment Trust'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 )
	=	12.226	/	43.506
	=	0.28

Lanesborough Real Estate Investment Trust (TSXV:LRT.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.

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Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lanesborough Real Estate Investment Trust (TSXV:LRT.UN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shelter Canadian Properties Limited, 2600 Seven Evergreen Place, Winnipeg, MB, CAN, R3L 2T3

Website

http://www.lreit.com

Lanesborough Real Estate Investment Trust is an investment trust with a focus on creating a portfolio of real estate investments in Canada. Its objective of the trust is to provide unitholders with stable and growing cash distributions and to maximize unit values. It investment properties of the trust are classified into three operating segments including Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties.

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