JOEY (Joey New York) LT-Debt-to-Total-Asset: 0.05 (As of May. 2017)


What is Joey New York LT-Debt-to-Total-Asset?

Joey New York JOEY LT-Debt-to-Total-Asset is 0.05 as of May. 2017.

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. Joey New York's long-term debt to total assests ratio for the quarter that ended in May. 2017 was 0.05.

Joey New York's long-term debt to total assets ratio increased from May. 2016 (0.00) to May. 2017 (0.05). It may suggest that Joey New York is progressively becoming more dependent on debt to grow their business.

Joey New York  (OTCPK:JOEY) 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.

Joey New York LT-Debt-to-Total-Asset Related Terms

Joey New York LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Joey New York'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.

Joey New York LT-Debt-to-Total-Asset Chart

Joey New York Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.36

Joey New York Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
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 0.00 0.00 0.00 0.36 0.05

Joey New York LT-Debt-to-Total-Asset Calculation

Joey New York's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2017 is calculated as

LT Debt to Total Assets (A: Feb. 2017 )=Long-Term Debt & Capital Lease Obligation (A: Feb. 2017 )/Total Assets (A: Feb. 2017 )
=0.137/0.386
=0.35

Joey New York's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2017 is calculated as

LT Debt to Total Assets (Q: May. 2017 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2017 )/Total Assets (Q: May. 2017 )
=0.011/0.24
=0.05

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.05 mean?
Joey New York (JOEY) has a LT-Debt-to-Total-Asset of 0.05 as of May. 2017. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Joey New York and its competitors.
Is Joey New York's LT-Debt-to-Total-Asset too high?
Joey New York's current LT-Debt-to-Total-Asset is 0.05.
How does Joey New York's LT-Debt-to-Total-Asset compare to DEVV and SKVI?
Joey New York's LT-Debt-to-Total-Asset of 0.05 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Consumer Packaged Goods company?
A good LT-Debt-to-Total-Asset depends on the Consumer Packaged Goods industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Joey New York and its competitors. Joey New York's current LT-Debt-to-Total-Asset is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joey New York stock overvalued right now?
Joey New York (JOEY) has a current LT-Debt-to-Total-Asset of 0.05. The current LT-Debt-to-Total-Asset is 0.05. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Joey New York (JOEY), the current LT-Debt-to-Total-Asset is 0.05 as of May. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Joey New York Business Description

Address 16001 Collins Avenue Number 3202, Trump Tower I, Sunny Isles Beach, FL, USA, 33160
Joey New York Inc through its wholly-owned subsidiary distributes natural skincare and beauty products on wholesale and retail levels. It offers skincare treatments and beauty enhancements that are health conscious, effective and affordable under the Joey New York brand name. Geographically, it operates through the United States and its business is amplifying internationally due to the Increasing demand for organic and natural cosmetic products.