Johnson Service Group (LSE:JSG) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Johnson Service Group 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. Johnson Service Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Johnson Service Group's long-term debt to total assets ratio increased from Dec. 2022 (0.10) to Dec. 2023 (0.20). It may suggest that Johnson Service Group is progressively becoming more dependent on debt to grow their business.

Johnson Service Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Johnson Service Group'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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Johnson Service Group LT-Debt-to-Total-Asset Chart

Johnson Service Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.09

0.12

0.10

0.20

Johnson Service Group 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															0.12	0.12	0.10	0.17	0.20

Johnson Service Group LT-Debt-to-Total-Asset Calculation

Johnson Service Group'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 )
	=	100.7	/	509
	=	0.20

Johnson Service Group'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 )
	=	100.7	/	509
	=	0.20

Johnson Service Group (LSE:JSG) 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.

Johnson Service Group LT-Debt-to-Total-Asset Related Terms

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Johnson Service Group (LSE:JSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Johnson Service Group PLC (LSE:JSG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JSG.GB:UK

Address

Johnson House, Abbots Park, Monks Way, Preston Brook, Cheshire, GBR, WA7 3GH

Website

https://www.jsg.com

Johnson Service Group PLC United Kingdom-based company that provides textile-related services to businesses and consumers. It primarily operates through the Textile Rental segment. The Textile Rental segment is engaged in the provision and laundering of workwear, roller towels, corporate apparel and catering and hospitality markets. It operates the Textile Rental business under Apparelmaster, Stalbridge, Bourne and London Linen brands. The company derives the majority of its revenue from the Textile Rental segment.

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