Jinhui Shipping and Transportation (OSL:JIN) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Jinhui Shipping and Transportation 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. Jinhui Shipping and Transportation's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Jinhui Shipping and Transportation's long-term debt to total assets ratio increased from Sep. 2023 (0.15) to Sep. 2024 (0.18). It may suggest that Jinhui Shipping and Transportation is progressively becoming more dependent on debt to grow their business.

Jinhui Shipping and Transportation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinhui Shipping and Transportation'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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Jinhui Shipping and Transportation LT-Debt-to-Total-Asset Chart

Jinhui Shipping and Transportation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.14

0.07

0.14

0.17

Jinhui Shipping and Transportation Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.17	0.16	0.16	0.18

Jinhui Shipping and Transportation LT-Debt-to-Total-Asset Calculation

Jinhui Shipping and Transportation'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 )
	=	841.294	/	5102.038
	=	0.16

Jinhui Shipping and Transportation'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 )
	=	963.788	/	5463.108
	=	0.18

Jinhui Shipping and Transportation (OSL:JIN) 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.

Jinhui Shipping and Transportation LT-Debt-to-Total-Asset Related Terms

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Jinhui Shipping and Transportation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinhui Shipping and Transportation Ltd (OSL:JIN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JINO:Sweden 0JOD:UK

Address

1-6 Connaught Road West, 26th Floor, Yardley Commercial Building, Hong Kong, HKG

Website

http://www.jinhuiship.com/jst

Jinhui Shipping and Transportation Ltd is an investment holding company. Along with its subsidiaries, it is engaged in ship chartering and ship-owning business carried out internationally. Geographically, it operates in various countries like China, Singapore, Japan, Switzerland, South Korea, Norway, and the United Kingdom. The majority of its revenue comes from its customers in China.

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