Plaza Retail REIT (TSX:PLZ.UN) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

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What is Plaza Retail 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. Plaza Retail REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Plaza Retail REIT's long-term debt to total assets ratio declined from Mar. 2023 (0.44) to Mar. 2024 (0.39). It may suggest that Plaza Retail REIT is progressively becoming less dependent on debt to grow their business.

Plaza Retail REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Plaza Retail 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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Plaza Retail REIT LT-Debt-to-Total-Asset Chart

Plaza Retail REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.47

0.46

0.43

0.40

Plaza Retail 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															0.44	0.43	0.41	0.40	0.39

Plaza Retail REIT LT-Debt-to-Total-Asset Calculation

Plaza Retail 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 )
	=	502.658	/	1263.416
	=	0.40

Plaza Retail 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 )
	=	490.136	/	1269.496
	=	0.39

Plaza Retail REIT (TSX:PLZ.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.

Plaza Retail REIT LT-Debt-to-Total-Asset Related Terms

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Plaza Retail REIT (TSX:PLZ.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Plaza Retail REIT (TSX:PLZ.UN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PAZRF:USA

Address

98 Main Street, Fredericton, NB, CAN, E3A 9N6

Website

https://www.plaza.ca

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.

Plaza Retail REIT (TSX:PLZ.UN) Headlines

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