Jordan National Shipping Lines (AMM:SHIP) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Jordan National Shipping Lines 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 National Shipping Lines's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Jordan National Shipping Lines's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.07). It may suggest that Jordan National Shipping Lines is progressively becoming less dependent on debt to grow their business.

Jordan National Shipping Lines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jordan National Shipping Lines'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 National Shipping Lines LT-Debt-to-Total-Asset Chart

Jordan National Shipping Lines Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.18

0.19

0.14

0.12

0.07

Jordan National Shipping Lines 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															0.12	-	0.11	-	0.07

Jordan National Shipping Lines LT-Debt-to-Total-Asset Calculation

Jordan National Shipping Lines'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 )
	=	3.019	/	41.581
	=	0.07

Jordan National Shipping Lines'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 )
	=	3.019	/	41.581
	=

Jordan National Shipping Lines (AMM:SHIP) 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 National Shipping Lines LT-Debt-to-Total-Asset Related Terms

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Jordan National Shipping Lines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jordan National Shipping Lines (AMM:SHIP) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Wadi Saqra Street, Building No. 51, P.O. Box: 5406, Amman, JOR, 11183

Website

https://www.jnslgroup.com

Jordan National Shipping Lines is a shipping company based in Jordan. The company's services include shipping, ship operations, chartering, ship agency, marine services, port operations, manning and technical ship management, energy transport, freight forwarding, maritime education, hospitality, and transportation. The company earns revenue from the Marine services sector and Hotel services sector, out of which the majority comes from the marine sector.