Jack Technology Co (SHSE:603337) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Jack Technology 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. Jack Technology Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Jack Technology Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.01). It may suggest that Jack Technology Co is progressively becoming less dependent on debt to grow their business.

Jack Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jack Technology 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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Jack Technology Co LT-Debt-to-Total-Asset Chart

Jack Technology 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

0.02

0.05

0.03

0.01

Jack Technology 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															0.03	0.02	0.01	0.01	0.01

Jack Technology Co LT-Debt-to-Total-Asset Calculation

Jack Technology 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 )
	=	50.75	/	8514.614
	=	0.01

Jack Technology 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 )
	=	45.721	/	8579.737
	=	0.01

Jack Technology Co (SHSE:603337) 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.

Jack Technology Co LT-Debt-to-Total-Asset Related Terms

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Jack Technology Co (SHSE:603337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jack Technology Co Ltd (SHSE:603337) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Airport South Road, Jiaojiang District, Zhengjiang, Taizhou, CHN, 318010

Website

http://www.chinajack.com

Jack Technology Co Ltd, formerly Jack Sewing Machine Co Ltd, is a sewing machine manufacturing company. Its product includes spreading machines, automatic cutting machine, lockstitch, overlock, interlock, special machine, automatic pocket welting machine and energy-saving motors.

Executives

Guo Wei Xing	Director
Ruan Ji Xiang	Director
Wu Li	senior management
Che Jian Bo	Supervisors
Ruan Lin Bing	Director
Zhao Xin Qing	Director
Ruan Ji Ming	Director
Ruan Fu De	Director
Xie Yun Jiao	senior management
Qiu Yang You	senior management
Huang Zhan Zhou	senior management

Jack Technology Co (SHSE:603337) Headlines

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