Jordan Petroleum Refinery Co (AMM:JOPT) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Jordan Petroleum Refinery 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 Petroleum Refinery Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Jordan Petroleum Refinery Co's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.02). It may suggest that Jordan Petroleum Refinery Co is progressively becoming less dependent on debt to grow their business.

Jordan Petroleum Refinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jordan Petroleum Refinery 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 Petroleum Refinery Co LT-Debt-to-Total-Asset Chart

Jordan Petroleum Refinery Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

Jordan Petroleum Refinery Co 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															0.03	0.03	0.03	0.03	0.02

Jordan Petroleum Refinery Co LT-Debt-to-Total-Asset Calculation

Jordan Petroleum Refinery Co'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 )
	=	40.761	/	1800.497
	=	0.02

Jordan Petroleum Refinery Co'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 )
	=	40.761	/	1800.497
	=	0.02

Jordan Petroleum Refinery Co (AMM:JOPT) 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 Petroleum Refinery Co LT-Debt-to-Total-Asset Related Terms

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Jordan Petroleum Refinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jordan Petroleum Refinery Co Ltd (AMM:JOPT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rainbow Street, First Circle, P.O Box 3396, Jabal, Amman, JOR, 11181

Website

https://www.jopetrol.com.jo

Jordan Petroleum Refinery Co Ltd is engaged in refining and producing hydrocarbon petroleum products and production of lube oils and asphalt drums. The products of the company include asphalt, fuel, mineral oils, and special products which include white spirit and chemically treated gasoline.

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