Canadian Net REIT (TSXV:NET.UN) Debt-to-Asset : 0.56 (As of Mar. 2024)

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What is Canadian Net REIT Debt-to-Asset?

Canadian Net REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$35.37 Mil. Canadian Net REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$135.54 Mil. Canadian Net REIT's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$306.83 Mil. Canadian Net REIT's debt to asset for the quarter that ended in Mar. 2024 was 0.56.

Canadian Net REIT Debt-to-Asset Historical Data

The historical data trend for Canadian Net REIT's Debt-to-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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Canadian Net REIT Debt-to-Asset Chart

Canadian Net REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.57

0.55

0.52

0.59

0.57

Canadian Net REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.59	0.58	0.58	0.57	0.56

Competitive Comparison of Canadian Net REIT's Debt-to-Asset

For the REIT - Diversified subindustry, Canadian Net REIT's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Net REIT's Debt-to-Asset Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Canadian Net REIT's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Canadian Net REIT's Debt-to-Asset falls into.

Canadian Net REIT Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canadian Net REIT's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(32.55	+	142.156)	/	308.35
	=	0.57

Canadian Net REIT's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(35.372	+	135.543)	/	306.833
	=	0.56

Canadian Net REIT (TSXV:NET.UN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Canadian Net REIT Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Canadian Net REIT's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Net REIT (TSXV:NET.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Net REIT (TSXV:NET.UN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CNNRF:USA

Address

106 Gun Avenue, A/S Jason Parravano, Pointe Claire, QC, CAN, H9R 3X3

Website

https://www.cnetreit.com

Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.

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