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JC Penney Co Inc (NYSE:JCP)
Long-Term Debt to Total Assets
0.47 (As of Oct. 2016)

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 divide by its total assets. JC Penney Co Inc's long-term debt to total assests ratio for the quarter that ended in Oct. 2016 was 0.47.

JC Penney Co Inc's long-term debt to total assets ratio declined from Oct. 2015 (0.49) to Oct. 2016 (0.47). It may suggest that JC Penney Co Inc is progressively becoming less dependent on debt to grow their business.

Definition

JC Penney Co Inc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2016 is calculated as

 LT Debt to Total Assets (A: Jan. 2016 ) = Long-Term Debt (A: Jan. 2016 ) / Total Assets (A: Jan. 2016 ) = 4678 / 9442 = 0.50

JC Penney Co Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2016 is calculated as

 LT Debt to Total Assets (Q: Oct. 2016 ) = Long-Term Debt (Q: Oct. 2016 ) / Total Assets (Q: Oct. 2016 ) = 4518 / 9595 = 0.47

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JC Penney Co Inc Annual Data

 Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 ltd2asset 0.24 0.25 0.29 0.24 0.24 0.25 0.30 0.42 0.51 0.50

JC Penney Co Inc Quarterly Data

 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 ltd2asset 0.48 0.48 0.51 0.52 0.51 0.49 0.50 0.48 0.48 0.47
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