Jayex Technology (ASX:JTL) LT-Debt-to-Total-Asset : 1.63 (As of Dec. 2023)

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What is Jayex Technology 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. Jayex Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 1.63.

Jayex Technology's long-term debt to total assets ratio increased from Dec. 2022 (0.53) to Dec. 2023 (1.63). It may suggest that Jayex Technology is progressively becoming more dependent on debt to grow their business.

Jayex Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jayex Technology'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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Jayex Technology LT-Debt-to-Total-Asset Chart

Jayex Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.14

0.26

0.53

1.63

Jayex Technology Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.26	0.26	0.53	0.45	1.63

Jayex Technology LT-Debt-to-Total-Asset Calculation

Jayex Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.82	/	0.504
	=	1.63

Jayex Technology'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 )
	=	0.82	/	0.504
	=	1.63

Jayex Technology (ASX:JTL) 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.

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Jayex Technology (ASX:JTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jayex Technology Ltd (ASX:JTL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

17B Cribb Street, South Melbourne, Milton, QLD, AUS, 4064

Website

https://www.jayex.com

Jayex Technology Ltd operates in the healthcare industry. It is engaged in the development and provision of healthcare industry service technologies and the development of integrated dispensing automation systems for the pharmaceutical and healthcare sectors. The company provides the healthcare industry with systems that make managing appointments and communicate patient information effectively. Geographically, It operates in two segments namely, Australia and the United Kingdom of which maximum revenue is generated from the United Kingdom.

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