European Residential REIT (TSX:ERE.UN) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)

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What is European Residential REIT 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. European Residential REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

European Residential REIT's long-term debt to total assets ratio declined from Mar. 2023 (0.48) to Mar. 2024 (0.46). It may suggest that European Residential REIT is progressively becoming less dependent on debt to grow their business.

European Residential REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for European Residential REIT'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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European Residential REIT LT-Debt-to-Total-Asset Chart

European Residential REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.47

0.44

0.47

0.53

European Residential REIT 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															0.48	0.54	0.55	0.53	0.46

European Residential REIT LT-Debt-to-Total-Asset Calculation

European Residential REIT'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 )
	=	1334.22	/	2520.341
	=	0.53

European Residential REIT'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 )
	=	1170.999	/	2534.283
	=	0.46

European Residential REIT (TSX:ERE.UN) 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.

European Residential REIT LT-Debt-to-Total-Asset Related Terms

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European Residential REIT (TSX:ERE.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » European Residential REIT (TSX:ERE.UN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EREUF:USA

Address

11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1

Website

https://www.eresreit.com

European Residential REIT is an unincorporated, open-ended real estate investment trust. The company is focused on multi-residential real estate investment trust, with a current initial focus on investing in multi-residential real estate properties in Europe. The REIT owns and operates a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe.

European Residential REIT (TSX:ERE.UN) Headlines

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