Marwest Apartment REIT (TSXV:MAR.UN) LT-Debt-to-Total-Asset : 0.71 (As of Mar. 2024)

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What is Marwest Apartment 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. Marwest Apartment REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.71.

Marwest Apartment REIT's long-term debt to total assets ratio declined from Mar. 2023 (0.72) to Mar. 2024 (0.71). It may suggest that Marwest Apartment REIT is progressively becoming less dependent on debt to grow their business.

Marwest Apartment REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Marwest Apartment 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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Marwest Apartment REIT LT-Debt-to-Total-Asset Chart

Marwest Apartment REIT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.70

0.76

0.67

Marwest Apartment REIT Quarterly Data
	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										0.72	0.70	0.69	0.67	0.71

Marwest Apartment REIT LT-Debt-to-Total-Asset Calculation

Marwest Apartment 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 )
	=	93.541	/	139.77
	=	0.67

Marwest Apartment 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 )
	=	101.263	/	142.141
	=	0.71

Marwest Apartment REIT (TSXV:MAR.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.

Marwest Apartment REIT LT-Debt-to-Total-Asset Related Terms

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Marwest Apartment REIT (TSXV:MAR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Marwest Apartment REIT (TSXV:MAR.UN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Portage Avenue, Suite 500, Winnipeg, MB, CAN, R3C 0A5

Website

http://www.marwest.ca

Marwest Apartment REIT is an open-ended real estate investment trust. The trust is focused on acquiring multi-family residential real estate in Western Canada.

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