JB Hunt Transport Services (FRA:JB1) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is JB Hunt Transport Services 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. JB Hunt Transport Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

JB Hunt Transport Services's long-term debt to total assets ratio increased from Mar. 2023 (0.13) to Mar. 2024 (0.16). It may suggest that JB Hunt Transport Services is progressively becoming more dependent on debt to grow their business.

JB Hunt Transport Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for JB Hunt Transport Services'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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JB Hunt Transport Services LT-Debt-to-Total-Asset Chart

JB Hunt Transport Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.22

0.14

0.16

JB Hunt Transport Services 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															0.13	0.15	0.14	0.16	0.16

JB Hunt Transport Services LT-Debt-to-Total-Asset Calculation

JB Hunt Transport Services'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 )
	=	1216.04	/	7829.584
	=	0.16

JB Hunt Transport Services'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 )
	=	1257.186	/	7753.56
	=	0.16

JB Hunt Transport Services (FRA:JB1) 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.

JB Hunt Transport Services LT-Debt-to-Total-Asset Related Terms

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JB Hunt Transport Services (FRA:JB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JB Hunt Transport Services Inc (FRA:JB1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JBHT:USA JBHT:Austria

Address

615 J.B. Hunt Corporate Drive, P.O. Box 130, Lowell, AR, USA, 72745-0130

Website

https://www.jbhunt.com

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023); dedicated trucking services that provide customer-specific fleet needs (28%); for-hire truckload (6%); heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).

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