Jordan Investment Trust (AMM:JOIT) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Jordan Investment Trust 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 Investment Trust's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Jordan Investment Trust's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.04). It may suggest that Jordan Investment Trust is progressively becoming more dependent on debt to grow their business.

Jordan Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jordan Investment Trust'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 Investment Trust LT-Debt-to-Total-Asset Chart

Jordan Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.04

Jordan Investment Trust Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.03	0.03	0.04	0.04

Jordan Investment Trust LT-Debt-to-Total-Asset Calculation

Jordan Investment Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1.218	/	33.587
	=	0.04

Jordan Investment Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1.218	/	33.587
	=	0.04

Jordan Investment Trust (AMM:JOIT) 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 Investment Trust LT-Debt-to-Total-Asset Related Terms

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Jordan Investment Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jordan Investment Trust PLC (AMM:JOIT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3rd Circle - Abed Al Monen Reyadh Street, PO Box 911447, Amman, JOR, 11191

Website

http://www.jordinvest.com.jo

Jordan Investment Trust PLC engages in investment banking services in the domestic, regional, and international markets. Its services include debt and capital raising, corporate restructuring, financial advisory, and asset management activities. The objective of the company is to invest in the fields of investment in industrial, agriculture, financial, real estate, tourism, and services sector.

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