The Original Juice Co (ASX:OJC) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is The Original Juice Co 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. The Original Juice Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

The Original Juice Co's long-term debt to total assets ratio declined from Dec. 2022 (0.27) to Dec. 2023 (0.24). It may suggest that The Original Juice Co is progressively becoming less dependent on debt to grow their business.

The Original Juice Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Original Juice Co'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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The Original Juice Co LT-Debt-to-Total-Asset Chart

The Original Juice Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.18

0.31

0.27

The Original Juice Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.31	0.27	0.27	0.24

The Original Juice Co LT-Debt-to-Total-Asset Calculation

The Original Juice Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	9.446	/	35.296
	=	0.27

The Original Juice Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	8.768	/	37.29
	=	0.24

The Original Juice Co (ASX:OJC) 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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The Original Juice Co (ASX:OJC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Original Juice Co Ltd (ASX:OJC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

20 Heaths Court, Mill Park, VIC, AUS, 3082

Website

https://www.ojcltd.com.au

The Original Juice Co Ltd is an Australian beverage and wellness supplement company, specialising in the development of innovative health focused products for retail in Australia and Asia.

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