Jetblack (Jetblack) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2017)

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What is Jetblack 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. Jetblack's long-term debt to total assests ratio for the quarter that ended in Jun. 2017 was 0.08.

Jetblack's long-term debt to total assets ratio declined from Jun. 2016 (1.44) to Jun. 2017 (0.08). It may suggest that Jetblack is progressively becoming less dependent on debt to grow their business.

Jetblack LT-Debt-to-Total-Asset Historical Data

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

Jetblack Annual Data

Trend

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Dec14

Dec15

Dec16

LT-Debt-to-Total-Asset

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1.43

Jetblack Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.44	1.67	1.43	-0.02	0.08

Jetblack LT-Debt-to-Total-Asset Calculation

Jetblack's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )	/	Total Assets (A: Dec. 2016 )
	=	0.03	/	0.021
	=

Jetblack's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2017 is calculated as

LT Debt to Total Assets (Q: Jun. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2017 )	/	Total Assets (Q: Jun. 2017 )
	=	0.034	/	0.419
	=

Jetblack (OTCPK:JTBK) 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.

Jetblack LT-Debt-to-Total-Asset Related Terms

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Jetblack (Jetblack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jetblack Corp (OTCPK:JTBK) » Definitions » LT-Debt-to-Total-Asset

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Address

304 S. Jones Boulevard, Suite 5058, Las Vegas, NV, USA, 89107

Website

https://www.jetblackcorp.com

Jetblack Corp has initiated investments in Metaverse space, which is an investment into metaverse platforms and technologies. The company's current holdings include MANA (Decentraland) and SAND (SandBox) tokens. The Company plans to continue investing into Metaverse tokens over time, as opportunities are identified.