Abacus Storage King (ASX:ASK) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Abacus Storage King 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. Abacus Storage King's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Abacus Storage King's long-term debt to total assets ratio increased from Jun. 2022 (0.29) to Dec. 2023 (0.31). It may suggest that Abacus Storage King is progressively becoming more dependent on debt to grow their business.

Abacus Storage King LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abacus Storage King'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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Abacus Storage King LT-Debt-to-Total-Asset Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

LT-Debt-to-Total-Asset

0.32

0.29

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
LT-Debt-to-Total-Asset	0.32	0.29	0.26	0.31

Abacus Storage King LT-Debt-to-Total-Asset Calculation

Abacus Storage King's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	159.236	/	558.759
	=	0.28

Abacus Storage King'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 )
	=	965.712	/	3106.947
	=	0.31

Abacus Storage King (ASX:ASK) 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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Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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