Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Jack Henry & Associates's Total Liabilities for the quarter that ended in Dec. 2023 was $1,030 Mil. Jack Henry & Associates's Total Assets for the quarter that ended in Dec. 2023 was $2,754 Mil.
Therefore, Jack Henry & Associates's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.37.
Jack Henry & Associates Liabilities-to-Assets Historical Data
The historical data trend for Jack Henry & Associates's Liabilities-to-Assets 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.
For the Information Technology Services subindustry, Jack Henry & Associates's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jack Henry & Associates Liabilities-to-Assets Distribution
For the Software industry and Technology sector, Jack Henry & Associates's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Jack Henry & Associates's Liabilities-to-Assets falls into.
Jack Henry & Associates Liabilities-to-Assets Calculation
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Jack Henry & Associates's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:
* 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.
Jack Henry & Associates (NAS:JKHY) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Jack Henry & Associates Liabilities-to-Assets Related Terms
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Jack Henry & Associates (Jack Henry & Associates) Business Description
Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for U.S. banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.
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