Sun Residential REIT (TSXV:SRES) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2024)

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What is Sun Residential 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. Sun Residential REIT's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.50.

Sun Residential REIT's long-term debt to total assets ratio increased from Dec. 2023 (0.49) to Dec. 2024 (0.50). It may suggest that Sun Residential REIT is progressively becoming more dependent on debt to grow their business.

Sun Residential REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sun Residential 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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Sun Residential REIT LT-Debt-to-Total-Asset Chart

Sun Residential REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.56

0.45

0.42

0.49

0.50

Sun Residential REIT Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.49	0.49	0.49	0.49	0.50

Sun Residential REIT LT-Debt-to-Total-Asset Calculation

Sun Residential REIT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	44.793	/	90.437
	=	0.50

Sun Residential REIT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	44.793	/	90.437
	=	0.50

Sun Residential REIT (TSXV:SRES) 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.

Sun Residential REIT LT-Debt-to-Total-Asset Related Terms

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Sun Residential REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Residential REIT (TSXV:SRES) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

130 King Street West, Suite 2300, Exchange Tower, Toronto, ON, CAN, M5X 2A2

Website

https://www.sunresreit.ca

Sun Residential REIT focused on acquiring high-quality, multi-family residential real estate assets in the Sunbelt region of the United States, the first of which is a recently acquired controlling interest by Sun in a 288-unit multi-family residential property in Tallahassee, Florida. Through its acquisition program and the veteran expertise of its trustees and officers, Sun is designed to deliver long-term, secure income with additional potential for capital appreciation.

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