Johns Lyng Group (ASX:JLG) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Johns Lyng Group 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. Johns Lyng Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Johns Lyng Group's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.07). It may suggest that Johns Lyng Group is progressively becoming less dependent on debt to grow their business.

Johns Lyng Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Johns Lyng Group'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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Johns Lyng Group LT-Debt-to-Total-Asset Chart

Johns Lyng Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.02

0.13

0.09

0.05

0.08

Johns Lyng Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.06	0.05	0.08	0.08	0.07

Johns Lyng Group LT-Debt-to-Total-Asset Calculation

Johns Lyng Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	62.487	/	785.482
	=	0.08

Johns Lyng Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	55.339	/	800.228
	=	0.07

Johns Lyng Group (ASX:JLG) 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.

Johns Lyng Group LT-Debt-to-Total-Asset Related Terms

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Johns Lyng Group (ASX:JLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Johns Lyng Group Ltd (ASX:JLG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JLGRF:USA

Address

1 Williamsons Road, Doncastor, Melbourne, VIC, AUS, 3108

Website

https://www.johnslyng.com.au

Johns Lyng Group Ltd provides integrated building services in Australia. The company's operating segment include Insurance Building and Restoration Services; Commercial Building Services; Commercial Construction - Commercial Builders and Others. It generates maximum revenue from the Insurance Building and Restoration Services segment. Building and Restoration Services segment is involved in the building fabric repair, contents restoration and hazardous waste removal. The Commercial Building Services segment focuses on residential and commercial flooring, emergency domestic repairs, shop-fitting, and commercial glazing. Geographically the company generates the majority of its revenue from Australia and New Zealand.

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