JD Logistics (HKSE:02618) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is JD Logistics 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. JD Logistics's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

JD Logistics's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.14). It may suggest that JD Logistics is progressively becoming more dependent on debt to grow their business.

JD Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for JD Logistics'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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JD Logistics LT-Debt-to-Total-Asset Chart

JD Logistics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.12

0.15

0.14

JD Logistics Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	0.15	0.14	-	0.14

JD Logistics LT-Debt-to-Total-Asset Calculation

JD Logistics'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 )
	=	16981.817	/	123489.514
	=	0.14

JD Logistics'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 )
	=	16981.817	/	123489.514
	=

JD Logistics (HKSE:02618) 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.

JD Logistics LT-Debt-to-Total-Asset Related Terms

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JD Logistics (HKSE:02618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JD Logistics Inc (HKSE:02618) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JDLGF:USA 822:Germany

Address

No. 20 Kechuang 11 Street, 8th Floor, Building B, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing, CHN, 101111

Website

https://www.jdl.cn

JD Logistics Inc, owned by leading China e-commerce company JD.com, is a technology-driven supply chain solutions and logistics services provider in China. It offers a full spectrum of supply chain solutions and logistics services, ranging from warehousing to distribution, spanning across manufacturing to end-customers, covering regular and specialized items. JDL services include formulating and executing supply chain strategies. Customers come from a wide array of industries, such as fast-moving consumer goods; or FMCG, apparel; home appliances; home furniture; computers, consumer electronics, and communications, or 3C; automotive; and fresh produce, among others.

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