LondonMetric Property (LSE:LMP) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is LondonMetric Property 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. LondonMetric Property's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

LondonMetric Property's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.32). It may suggest that LondonMetric Property is progressively becoming more dependent on debt to grow their business.

LondonMetric Property LT-Debt-to-Total-Asset Historical Data

The historical data trend for LondonMetric Property'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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LondonMetric Property LT-Debt-to-Total-Asset Chart

LondonMetric Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.39

0.32

0.28

0.31

0.32

LondonMetric Property Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.34	0.31	0.29	0.32

LondonMetric Property LT-Debt-to-Total-Asset Calculation

LondonMetric Property's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	2077.6	/	6478.6
	=	0.32

LondonMetric Property'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 )
	=	2077.6	/	6478.6
	=	0.32

LondonMetric Property (LSE:LMP) 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.

LondonMetric Property LT-Debt-to-Total-Asset Related Terms

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LondonMetric Property (LSE:LMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LondonMetric Property PLC (LSE:LMP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LNSPF:USA LMPl:UK

Address

One Curzon Street, London, GBR, W1J 5HB

Website

https://www.londonmetric.com

LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The company focuses on properties in the retail and distribution businesses. The company categorizes its property portfolios in six segments: Distribution, retail parks, Long income, Office, Residential, and Development. The company generates its revenue mainly from contracted leases.

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