PRO Real Estate Investment Trust (TSX:PRV.UN) LT-Debt-to-Total-Asset : 0.41 (As of Mar. 2024)

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What is PRO Real Estate Investment Trust 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. PRO Real Estate Investment Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.41.

PRO Real Estate Investment Trust's long-term debt to total assets ratio increased from Mar. 2023 (0.39) to Mar. 2024 (0.41). It may suggest that PRO Real Estate Investment Trust is progressively becoming more dependent on debt to grow their business.

PRO Real Estate Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for PRO Real Estate Investment Trust'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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PRO Real Estate Investment Trust LT-Debt-to-Total-Asset Chart

PRO Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.51

0.49

0.40

0.44

PRO Real Estate Investment Trust 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															0.39	0.42	0.42	0.44	0.41

PRO Real Estate Investment Trust LT-Debt-to-Total-Asset Calculation

PRO Real Estate Investment Trust'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 )
	=	451.166	/	1034.591
	=	0.44

PRO Real Estate Investment Trust'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 )
	=	406.22	/	1001.575
	=	0.41

PRO Real Estate Investment Trust (TSX:PRV.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.

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PRO Real Estate Investment Trust (TSX:PRV.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PRO Real Estate Investment Trust (TSX:PRV.UN) » Definitions » LT-Debt-to-Total-Asset

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Address

2000 Mansfield Street, Suite 1000, Montreal, QC, CAN, H3A 2Z7

Website

https://www.proreit.com

PRO Real Estate Investment Trust is an open-ended real estate investment trust. The REIT's segments include three classifications of investment properties - Retail, Office, and Industrial. All of the REIT's activities are located in one geographical segment, which is Canada. Its objective is to maintain a combination of short, medium, and long-term debt maturities that are appropriate for the overall debt level of its portfolio, considering the availability of financing and market conditions, and the financial characteristics of each property. It derives key revenue from the Industrial segment.

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