Kingston Wharves (XJAM:KW) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Kingston Wharves 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. Kingston Wharves's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Kingston Wharves's long-term debt to total assets ratio increased from Sep. 2022 (0.03) to Mar. 2024 (0.12). It may suggest that Kingston Wharves is progressively becoming more dependent on debt to grow their business.

Kingston Wharves LT-Debt-to-Total-Asset Historical Data

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

Kingston Wharves Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.04

0.12

Kingston Wharves Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.04	0.05	0.12	0.12

Kingston Wharves LT-Debt-to-Total-Asset Calculation

Kingston Wharves'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 )
	=	6931.627	/	59082.383
	=	0.12

Kingston Wharves'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 )
	=	6821.171	/	58722.353
	=	0.12

Kingston Wharves (XJAM:KW) 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.

Kingston Wharves LT-Debt-to-Total-Asset Related Terms

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Kingston Wharves Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kingston Wharves Ltd (XJAM:KW) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

195 Second Street, Total Logistics Facility, Newport West, St. Andrew, Kingston, JAM, 13

Website

https://www.kingstonwharves.com

Kingston Wharves Ltd is engaged in the operation of public wharves, logistics services, security services, warehousing, and the rental of and repairs to cold storage facilities. It operates in two segments: Terminal operations and Logistics services. The Terminal operations segment which generates the majority of revenue engages in the operation of public wharves and the stevedoring of vessels. Its Logistics Services segment offers warehousing and logistics facilities, security services, rental of and repairs to cold storage facilities, and property rental.