Jordan Industrial Resources Co (AMM:JOIR) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is Jordan Industrial Resources 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. Jordan Industrial Resources Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Jordan Industrial Resources Co's long-term debt to total assets ratio increased from Sep. 2023 (0.13) to Sep. 2024 (0.22). It may suggest that Jordan Industrial Resources Co is progressively becoming more dependent on debt to grow their business.

Jordan Industrial Resources Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jordan Industrial Resources 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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Jordan Industrial Resources Co LT-Debt-to-Total-Asset Chart

Jordan Industrial Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.11

0.22

Jordan Industrial Resources Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.22	0.22	0.22	0.22

Jordan Industrial Resources Co LT-Debt-to-Total-Asset Calculation

Jordan Industrial Resources Co'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 )
	=	1.186	/	5.331
	=	0.22

Jordan Industrial Resources Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1.131	/	5.217
	=	0.22

Jordan Industrial Resources Co (AMM:JOIR) 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.

Jordan Industrial Resources Co LT-Debt-to-Total-Asset Related Terms

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Jordan Industrial Resources Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jordan Industrial Resources Co (AMM:JOIR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdullah II Bin Al-Hussein Industrial Estate, P.O. Box 170, Sahab, JOR

Website

http://www.joirco.com

Jordan Industrial Resources Co is engaged in the production of vegetable oils & the by-products for industrial purposes. The company also prints, cuts and shapes carton boxes.

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