Jardine Cycle & Carriage (Jardine Cycle & Carriage) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Jardine Cycle & Carriage 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. Jardine Cycle & Carriage's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Jardine Cycle & Carriage's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.13). It may suggest that Jardine Cycle & Carriage is progressively becoming more dependent on debt to grow their business.

Jardine Cycle & Carriage LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jardine Cycle & Carriage'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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Jardine Cycle & Carriage LT-Debt-to-Total-Asset Chart

Jardine Cycle & Carriage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.11

0.14

0.11

0.13

Jardine Cycle & Carriage Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.14	0.13	0.11	0.12	0.13

Jardine Cycle & Carriage LT-Debt-to-Total-Asset Calculation

Jardine Cycle & Carriage'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 )
	=	4078	/	32393.6
	=	0.13

Jardine Cycle & Carriage'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 )
	=	4078	/	32393.6
	=	0.13

Jardine Cycle & Carriage (OTCPK:JCYGY) 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.

Jardine Cycle & Carriage LT-Debt-to-Total-Asset Related Terms

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Jardine Cycle & Carriage (Jardine Cycle & Carriage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jardine Cycle & Carriage Ltd (OTCPK:JCYGY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JCYCF:USA C07:Singapore CYC:Germany

Address

239 Alexandra Road, Singapore, SGP, 159930

Website

https://www.jcclgroup.com

Jardine Cycle & Carriage Ltd is a conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. The company operates through three segments: Astra, direct motor interests, and other interests. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia. Direct motor interests include automotive operations in Singapore, Malaysia, Myanmar, Indonesia, and Vietnam. The Other Strategic interests segment includes Southeast Asia investments in Siam City Cement and Refrigeration Electrical Engineering Corporation.

Jardine Cycle & Carriage (Jardine Cycle & Carriage) Headlines

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Third Avenue Comments on Jardine Cycle & Carriage

By Sydnee Gatewood Sydnee Gatewood • 04-22-2021