JPMorgan European Growth &ome (LSE:JEGI) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is JPMorgan European Growth &ome 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. JPMorgan European Growth &ome's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

JPMorgan European Growth &ome's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.08). It may suggest that JPMorgan European Growth &ome is progressively becoming more dependent on debt to grow their business.

JPMorgan European Growth &ome LT-Debt-to-Total-Asset Historical Data

The historical data trend for JPMorgan European Growth &ome'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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JPMorgan European Growth &ome LT-Debt-to-Total-Asset Chart

JPMorgan European Growth &ome Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.09

0.08

JPMorgan European Growth &ome Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.09	-	0.08	0.08

JPMorgan European Growth &ome LT-Debt-to-Total-Asset Calculation

JPMorgan European Growth &ome's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	42.608	/	554.524
	=	0.08

JPMorgan European Growth &ome'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 )
	=	41.472	/	538.289
	=	0.08

JPMorgan European Growth &ome (LSE:JEGI) 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.

JPMorgan European Growth &ome LT-Debt-to-Total-Asset Related Terms

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JPMorgan European Growth &ome Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan European Growth & Income PLC (LSE:JEGI) » Definitions » LT-Debt-to-Total-Asset

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Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

http://www.jpmeuropeangrowthandincome.com

JPMorgan European Growth & Income PLC is a trust that invests in a region of well governed companies which is managed by experienced fund managers with a successful European stock picking track record aiming to outperform in different economic, market and style environments. Its investment objective is that it aims o provide capital growth and a rising share price over the longer term from Continental European investments by taking carefully controlled risks through an investment method that is clearly communicated to shareholders. Currency exposure is predominantly hedged back towards the benchmark.

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