Dream Residential REIT (Dream Residential REIT) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Dream 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. Dream Residential REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Dream Residential REIT's long-term debt to total assets ratio increased from Dec. 2022 (0.32) to Mar. 2024 (0.34). It may suggest that Dream Residential REIT is progressively becoming more dependent on debt to grow their business.

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

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

Dream Residential REIT Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.32

0.33

Dream Residential REIT Quarterly Data
	Feb22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.32	0.32	0.32	0.33	0.34

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

Dream 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 )
	=	137.632	/	411.926
	=	0.33

Dream 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 )
	=	137.918	/	409.358
	=	0.34

Dream Residential REIT (OTCPK:DRREF) 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.

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

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Dream Residential REIT (Dream Residential REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Residential REIT (OTCPK:DRREF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DRR.U:Canada

Address

30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Residential REIT is a Canada-based open-ended, real estate investment trust. It plans to acquire all of the issued and outstanding equity interests in special purpose entities, which collectively own more than 15 multi-residential rental properties. All of its properties are located in the United States.