Apple Hospitality REIT (FRA:48T) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Apple Hospitality 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. Apple Hospitality REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Apple Hospitality REIT's long-term debt to total assets ratio declined from Mar. 2023 (0.31) to Mar. 2024 (0.29). It may suggest that Apple Hospitality REIT is progressively becoming less dependent on debt to grow their business.

Apple Hospitality REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apple Hospitality 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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Apple Hospitality REIT LT-Debt-to-Total-Asset Chart

Apple Hospitality REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.33

0.31

0.30

Apple Hospitality REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.31	0.31	0.31	0.30	0.29

Apple Hospitality REIT LT-Debt-to-Total-Asset Calculation

Apple Hospitality 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 )
	=	1360.265	/	4527.502
	=	0.30

Apple Hospitality 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 )
	=	1363.012	/	4629.898
	=	0.29

Apple Hospitality REIT (FRA:48T) 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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Apple Hospitality REIT (FRA:48T) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apple Hospitality REIT Inc (FRA:48T) » Definitions » LT-Debt-to-Total-Asset

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APLE:USA 48T:Germany

Address

814 East Main Street, Richmond, VA, USA, 23219

Website

https://www.applehospitalityreit.com

Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

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