Uniti Group (LTS:0LJB) LT-Debt-to-Total-Asset : 1.16 (As of Mar. 2024)

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What is Uniti Group 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. Uniti Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 1.16.

Uniti Group's long-term debt to total assets ratio increased from Mar. 2023 (1.09) to Mar. 2024 (1.16). It may suggest that Uniti Group is progressively becoming more dependent on debt to grow their business.

Uniti Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Uniti Group'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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Uniti Group LT-Debt-to-Total-Asset Chart

Uniti Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.01

1.02

1.07

1.09

1.12

Uniti Group 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															1.09	1.09	1.14	1.12	1.16

Uniti Group LT-Debt-to-Total-Asset Calculation

Uniti Group'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 )
	=	5626.094	/	5025.129
	=	1.12

Uniti Group'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 )
	=	5760.947	/	4984.569
	=	1.16

Uniti Group (LTS:0LJB) 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.

Uniti Group LT-Debt-to-Total-Asset Related Terms

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Uniti Group (LTS:0LJB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Uniti Group Inc (LTS:0LJB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

UNIT:USA 8XC:Germany

Address

2101 Riverfront Drive, Suite A, Little Rock, AR, USA, 72202

Website

https://www.uniti.com

Uniti is a REIT with about 135,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Uniti was spun out of Windstream in 2015 with a substantial portion of Windstream's network assets, and it immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.

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