JTC (JTCPF) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2024)

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What is JTC 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. JTC's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

JTC's long-term debt to total assets ratio increased from Jun. 2023 (0.21) to Jun. 2024 (0.29). It may suggest that JTC is progressively becoming more dependent on debt to grow their business.

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

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

JTC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.40

0.31

0.29

JTC Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.28	0.29	0.21	0.29	0.29

JTC LT-Debt-to-Total-Asset Calculation

JTC'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 )
	=	327.158	/	1145.695
	=	0.29

JTC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	337.986	/	1163.823
	=	0.29

JTC (OTCPK:JTCPF) 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.

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

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JTC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JTC PLC (OTCPK:JTCPF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JTCl:UK JTC:UK 2N9:Germany

Address

JTC House, 28 Esplanade, P.O. Box 1075, Channel Islands, Saint Helier, JEY, JE2 3QA

Website

https://www.jtcgroup.com

JTC PLC is a company based in Jersey that provides fund, corporate, and private client services. The company has two main segments: Institutional Client Services (ICS) and Private Client Services (PCS). The ICS segment generates the highest revenue. JTC PLC offers company secretarial and administration services to various corporate clients, including small and medium-sized enterprises, public companies, multinationals, sovereign wealth funds, family offices, and private clients. The company also provides services in real estate, private equity, hedge, renewables, debt, and other alternatives, including sovereign wealth funds.