Australian Unity Office Fund (ASX:AOF) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Australian Unity Office Fund 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. Australian Unity Office Fund's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Australian Unity Office Fund's long-term debt to total assets ratio declined from Dec. 2022 (0.22) to Dec. 2023 (0.02). It may suggest that Australian Unity Office Fund is progressively becoming less dependent on debt to grow their business.

Australian Unity Office Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Australian Unity Office Fund'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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Australian Unity Office Fund LT-Debt-to-Total-Asset Chart

Australian Unity Office Fund Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.30

0.32

0.29

0.31

Australian Unity Office Fund Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.22	0.31	0.22	-	0.02

Australian Unity Office Fund LT-Debt-to-Total-Asset Calculation

Australian Unity Office Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0	/	358.226
	=	0.00

Australian Unity Office Fund'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 )
	=	5	/	292.905
	=	0.02

Australian Unity Office Fund (ASX:AOF) 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.

Australian Unity Office Fund LT-Debt-to-Total-Asset Related Terms

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Australian Unity Office Fund (ASX:AOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Australian Unity Office Fund (ASX:AOF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

271 Spring Street, Level 15, Melbourne, VIC, AUS, 3000

Website

https://www.australianunityofficefund.com.au

Australian Unity Office Fund is a REIT engaged in owning and managing a diversified portfolio of nine office properties located across Australian metropolitan and CBD markets in Sydney, Adelaide, Melbourne, Brisbane, and Canberra. Its only operating segment is an investment in office properties. Geographically, it operates only in Australia. It generates revenue from rental income.

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