JB Hi Fi (ASX:JBH) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is JB Hi Fi 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. JB Hi Fi's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

JB Hi Fi's long-term debt to total assets ratio declined from Jun. 2023 (0.15) to Jun. 2024 (0.13). It may suggest that JB Hi Fi is progressively becoming less dependent on debt to grow their business.

JB Hi Fi LT-Debt-to-Total-Asset Historical Data

The historical data trend for JB Hi Fi'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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JB Hi Fi LT-Debt-to-Total-Asset Chart

JB Hi Fi Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.18

0.14

0.15

0.13

JB Hi Fi Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.11	0.15	0.12	0.13

JB Hi Fi LT-Debt-to-Total-Asset Calculation

JB Hi Fi's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	459.8	/	3486.6
	=	0.13

JB Hi Fi's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	459.8	/	3486.6
	=	0.13

JB Hi Fi (ASX:JBH) 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.

JB Hi Fi LT-Debt-to-Total-Asset Related Terms

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JB Hi Fi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JB Hi Fi Ltd (ASX:JBH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

JB3:Germany

Address

60 City Road, Podium Level, Southbank, VIC, AUS, 3006

Website

https://www.jbhifi.com.au

JB Hi-Fi Limited is a specialty retailer of branded home entertainment products. The group's products particularly focus on consumer electronics, electrical goods, and white goods through its JB Hi-Fi, JB Hi-Fi Home, and The Good Guys stores. The company primarily operates from stand-alone destination sites and shopping centers in Australia and New Zealand, but the online platform is becoming increasingly important.

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