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JMTM (James Maritime Holdings) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)


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What is James Maritime Holdings 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. James Maritime Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

James Maritime Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.11). It may suggest that James Maritime Holdings is progressively becoming less dependent on debt to grow their business.

James Maritime Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for James Maritime Holdings'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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James Maritime Holdings LT-Debt-to-Total-Asset Chart

James Maritime Holdings Annual Data
Trend Mar93 Mar99 Mar00 Mar03 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 2.50 0.88 36.04 0.12 0.14

James Maritime Holdings Quarterly Data
Dec99 Mar00 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.14 0.12 0.11 0.11

James Maritime Holdings LT-Debt-to-Total-Asset Calculation

James Maritime Holdings'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 )
=0.467/3.41
=0.14

James Maritime Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=0.3/2.753
=0.11

* 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.

James Maritime Holdings  (OTCPK:JMTM) 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.

James Maritime Holdings LT-Debt-to-Total-Asset Related Terms

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James Maritime Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » James Maritime Holdings Inc (OTCPK:JMTM) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
9160 South 300 West, No. 101, Sandy, UT, USA, 84070
Website
https://www.usselite.com
James Maritime Holdings Inc conducts its business through its subsidiaries Gladiator and USS. Gladiator. It produces revenues through the distribution of personal protective products, predominantly through mail-in orders to customers or via e-commerce sales generated through its website. USS provides professional security personnel enhanced by smartphone-based security applications. Its products and services are designed for law enforcement and civilian use.