Canadian Net REIT (TSXV:NET.UN) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Canadian Net 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. Canadian Net REIT's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Canadian Net REIT's long-term debt to total assets ratio declined from Mar. 2023 (0.48) to Mar. 2024 (0.44). It may suggest that Canadian Net REIT is progressively becoming less dependent on debt to grow their business.

Canadian Net REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian Net 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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Canadian Net REIT LT-Debt-to-Total-Asset Chart

Canadian Net REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.51

0.47

0.48

0.46

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.46	0.46	0.46	0.44

Canadian Net REIT LT-Debt-to-Total-Asset Calculation

Canadian Net 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 )
	=	142.156	/	308.35
	=	0.46

Canadian Net 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 )
	=	135.543	/	306.833
	=	0.44

Canadian Net REIT (TSXV:NET.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.

Canadian Net REIT LT-Debt-to-Total-Asset Related Terms

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

Industry

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