Vital Healthcare Property Trust (NZSE:VHP) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is Vital Healthcare Property Trust 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. Vital Healthcare Property Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

Vital Healthcare Property Trust's long-term debt to total assets ratio increased from Dec. 2022 (0.30) to Dec. 2023 (0.38). It may suggest that Vital Healthcare Property Trust is progressively becoming more dependent on debt to grow their business.

Vital Healthcare Property Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vital Healthcare Property Trust'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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Vital Healthcare Property Trust LT-Debt-to-Total-Asset Chart

Vital Healthcare Property Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.38

0.33

0.31

0.30

0.36

Vital Healthcare Property Trust Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.30	0.30	0.36	0.38

Vital Healthcare Property Trust LT-Debt-to-Total-Asset Calculation

Vital Healthcare Property Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1242.88	/	3429.712
	=	0.36

Vital Healthcare Property Trust'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 )
	=	1249.913	/	3269.749
	=	0.38

Vital Healthcare Property Trust (NZSE:VHP) 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.

Vital Healthcare Property Trust LT-Debt-to-Total-Asset Related Terms

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Vital Healthcare Property Trust (NZSE:VHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vital Healthcare Property Trust (NZSE:VHP) » Definitions » LT-Debt-to-Total-Asset

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Address

Level 17, HSBC Tower, 188 Quay Street, Auckland, NTL, NZL, 1010

Website

https://www.vitalhealthcareproperty.co.nz

Vital Healthcare Property Trust is a healthcare REIT. The vast majority of revenue is generated in Australia, followed by New Zealand. Most of the company's tenants are for-profit hospitals, followed by medical consultants and nonprofit hospitals. The company is focused on protecting the interests of investors and other stakeholders. The company considers merger and acquisition investment as a component of its operational growth strategy.

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