Priorityome Fund, (Priorityome Fund,) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)

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What is Priorityome Fund, 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. Priorityome Fund,'s long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.04.

Priorityome Fund,'s long-term debt to total assets ratio declined from Jun. 2021 (0.04) to Jun. 2023 (0.04). It may suggest that Priorityome Fund, is progressively becoming less dependent on debt to grow their business.

Priorityome Fund, LT-Debt-to-Total-Asset Historical Data

The historical data trend for Priorityome Fund,'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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Priorityome Fund, LT-Debt-to-Total-Asset Chart

Priorityome Fund, Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

0.04

0.06

0.04

Priorityome Fund, Semi-Annual Data
	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.03	0.04	0.06	0.04

Priorityome Fund, LT-Debt-to-Total-Asset Calculation

Priorityome Fund,'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 )
	=	38.892	/	934.921
	=	0.04

Priorityome Fund,'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	38.892	/	934.921
	=	0.04

Priorityome Fund, (GREY:PRIF) 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.

Priorityome Fund, LT-Debt-to-Total-Asset Related Terms

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Priorityome Fund, (Priorityome Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Priority Income Fund, Inc. (GREY:PRIF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PRIFPG.PFD:USA PRIFpF.PFD:USA PRIFpD.PFD:USA

Address

10 East 40th Street, 42nd Floor, New York, NY, USA, 10016

Website

https://www.priorityincomefund.com

Priority Income Fund, Inc. is an externally managed, nondiversified, closed-end management investment company. Its investment objective is to generate current income, and as a secondary objective, long-term capital appreciation. The company invests in broad pools of senior secured, floating rate loans made primarily to U.S. companies. Its goal is to increase income and portfolio diversification and reduce correlation to traditional fixed-income assets.

Priorityome Fund, (Priorityome Fund,) Headlines

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