Joeone Co (SHSE:601566) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Joeone Co 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. Joeone Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Joeone Co's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.06). It may suggest that Joeone Co is progressively becoming more dependent on debt to grow their business.

Joeone Co LT-Debt-to-Total-Asset Historical Data

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

Joeone Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.01

0.05

Joeone Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.06	0.05	0.05	0.06

Joeone Co LT-Debt-to-Total-Asset Calculation

Joeone Co'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 )
	=	296.387	/	5786.046
	=	0.05

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	339.08	/	5713.627
	=	0.06

Joeone Co (SHSE:601566) 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.

Joeone Co LT-Debt-to-Total-Asset Related Terms

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Joeone Co (SHSE:601566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Joeone Co Ltd (SHSE:601566) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

JOEONE Industrial Park, Fujian Quanzhou, Economic & Technological Development Zone, Quanzhou City, CHN, 362005

Website

http://www.jiumuwang.com

Joeone Co Ltd is a China-based company engaged in the research and development, design, production and distribution of men's garments. It offers trousers, jackets, suits and other apparel products under the JOEONE brand name.

Executives

Chen Jia Pin	Director
Chen Zhi Gao	senior management
Wu Hui Rong	Director
Xu Fang	Director
Zhang Jing Chun	Director
Lin Rong Zong	Director
Ceng Yong	senior management
Zhu Jian Shi	senior management

Joeone Co (SHSE:601566) Headlines

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