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J2KBio Co (XKRX:420570) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)


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What is J2KBio 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. J2KBio Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

J2KBio Co's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Mar. 2024 (0.07). It may suggest that J2KBio Co is progressively becoming less dependent on debt to grow their business.

J2KBio Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for J2KBio 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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J2KBio Co LT-Debt-to-Total-Asset Chart

J2KBio Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.33 0.30 0.19 0.13 0.02

J2KBio Co Quarterly Data
Dec22 Mar23 Jun23 Dec23 Mar24
LT-Debt-to-Total-Asset 0.13 - 0.04 0.02 0.07

J2KBio Co LT-Debt-to-Total-Asset Calculation

J2KBio 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 )
=526.883/22015.241
=0.02

J2KBio 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 )
=2513.815/34515.292
=0.07

* 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.

J2KBio Co  (XKRX:420570) 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.

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J2KBio Co (XKRX:420570) Business Description

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