SITE Centers (FRA:DDR2) LT-Debt-to-Total-Asset : 0.40 (As of Mar. 2024)

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What is SITE Centers 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. SITE Centers's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.40.

SITE Centers's long-term debt to total assets ratio declined from Mar. 2023 (0.44) to Mar. 2024 (0.40). It may suggest that SITE Centers is progressively becoming less dependent on debt to grow their business.

SITE Centers LT-Debt-to-Total-Asset Historical Data

The historical data trend for SITE Centers'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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SITE Centers LT-Debt-to-Total-Asset Chart

SITE Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.47

0.42

0.40

SITE Centers 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															0.44	0.44	0.43	0.40	0.40

SITE Centers LT-Debt-to-Total-Asset Calculation

SITE Centers'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 )
	=	1491.294	/	3724.259
	=	0.40

SITE Centers'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 )
	=	1440.013	/	3581.172
	=	0.40

SITE Centers (FRA:DDR2) 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.

SITE Centers LT-Debt-to-Total-Asset Related Terms

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SITE Centers (FRA:DDR2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SITE Centers Corp (FRA:DDR2) » Definitions » LT-Debt-to-Total-Asset

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SITCpA.PFD:USA SITC:USA

Address

3300 Enterprise Parkway, Beachwood, OH, USA, 44122

Website

https://www.sitecenters.com

SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.

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