J&T Global Express (HKSE:01519) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is J&T Global Express 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. J&T Global Express's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

J&T Global Express's long-term debt to total assets ratio declined from Dec. 2022 (0.23) to Dec. 2023 (0.21). It may suggest that J&T Global Express is progressively becoming less dependent on debt to grow their business.

J&T Global Express LT-Debt-to-Total-Asset Historical Data

The historical data trend for J&T Global Express'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.

* Premium members only.

J&T Global Express LT-Debt-to-Total-Asset Chart

J&T Global Express Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.06

0.23

0.21

J&T Global Express Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.06	-	0.23	0.23	0.21

J&T Global Express LT-Debt-to-Total-Asset Calculation

J&T Global Express'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 )
	=	10743.387	/	51555.723
	=	0.21

J&T Global Express'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 )
	=	10743.387	/	51555.723
	=	0.21

J&T Global Express (HKSE:01519) 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.

J&T Global Express LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of J&T Global Express's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

J&T Global Express (HKSE:01519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » J&T Global Express Ltd (HKSE:01519) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1777 Hualong Road, Room 1001, Block A, Tower 5, Huaxinzhen, Qingpu, Shanghai, CHN

Website

https://www.jtexpress.com

J&T Global Express Ltd is a global logistics service provider with the leading express delivery business in Southeast Asia. Its express delivery services span 13 countries, which include the largest and fastest-growing express delivery emerging markets globally. It provides express delivery services to leading e-commerce platforms, enabling the rapid development of its partners as they expand into new markets.

J&T Global Express (HKSE:01519) Headlines

No Headlines