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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. JOANN's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.82.
JOANN's long-term debt to total assets ratio increased from Oct. 2022 (0.71) to Oct. 2023 (0.82). It may suggest that JOANN is progressively becoming more dependent on debt to grow their business.
The historical data trend for JOANN'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.
JOANN Annual Data | |||||||||||||||
Trend | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | |||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.53 | 0.81 | 0.67 | 0.64 | 0.78 |
JOANN Quarterly Data | |||||||||||||||||||
Jan18 | Jan19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.71 | 0.78 | 0.79 | 0.80 | 0.82 |
JOANN's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as
LT Debt to Total Assets (A: Jan. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 ) | / | Total Assets (A: Jan. 2023 ) |
= | 1691.5 | / | 2180.8 | |
= | 0.78 |
JOANN's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as
LT Debt to Total Assets (Q: Oct. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 ) | / | Total Assets (Q: Oct. 2023 ) |
= | 1840.2 | / | 2257.7 | |
= | 0.82 |
* 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.
JOANN (OTCPK:JOANQ) 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.
Thank you for viewing the detailed overview of JOANN's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Thibault | officer: SVP, Store Operations | 5555 DARROW ROAD, HUDSON OH 44236 |
John Craig Stalcup | officer: SVP, Chief Information Officer | C/O JOANN INC., 5555 DARROW RD., HUDSON OH 44236 |
Marybeth Hays | director | C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Scott Sekella | officer: SVP, Chief Financial Officer | C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Ann Aber | officer: SVP, GC & Secretary | C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Robert Will | officer: SVP, Chief Merch. Officer | C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Christopher Ditullio | officer: SVP, Chief Customer Officer | C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Green Equity Investors Cf, L.p. | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Thomas A Dryer | officer: VP, Interim CFO & Controller | C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Brian William Coleman | director | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Mario Sampson | officer: SVP, Supply Chain | C/O JOANN INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Darrell Webb | director | 5555 DARROW ROAD, HUDSON OH 44236 |
Varadheesh Chennakrishnan | officer: SVP, CIO | C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Matthew B. Susz | officer: SVP, CFO | C/O JO-ANN STORES HOLDINGS INC., 5555 DARROW ROAD, HUDSON OH 44236 |
Wade D Miquelon | director, officer: President and CEO | 108 WILMOT ROAD, DEERFIELD IL 60015 |
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