AGP Malaga Socimi (XPAR:MLAGP) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is AGP Malaga Socimi 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. AGP Malaga Socimi's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

AGP Malaga Socimi's long-term debt to total assets ratio declined from Dec. 2021 (0.30) to Dec. 2023 (0.27). It may suggest that AGP Malaga Socimi is progressively becoming less dependent on debt to grow their business.

AGP Malaga Socimi LT-Debt-to-Total-Asset Historical Data

The historical data trend for AGP Malaga Socimi'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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AGP Malaga Socimi LT-Debt-to-Total-Asset Chart

AGP Malaga Socimi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.27

0.30

0.19

0.27

AGP Malaga Socimi Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.18	0.27	0.30	0.19	0.27

AGP Malaga Socimi LT-Debt-to-Total-Asset Calculation

AGP Malaga Socimi'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 )
	=	16.476	/	61.876
	=

AGP Malaga Socimi's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	16.476	/	61.876
	=

AGP Malaga Socimi (XPAR:MLAGP) 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.

AGP Malaga Socimi LT-Debt-to-Total-Asset Related Terms

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AGP Malaga Socimi (XPAR:MLAGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AGP Malaga Socimi SA (XPAR:MLAGP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle Alameda Principal 16, 2nd Floor, office 1, Malaga, ESP, 29005

Website

https://www.agpsocimi.com

AGP Malaga Socimi SA is a real estate investment trust. The objective of the company is to acquire and lease real estate of various kinds, such as offices, warehouses, or commercial premises in Spanish territory.

AGP Malaga Socimi (XPAR:MLAGP) Headlines

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