JPMorgan Mid Cap Investment Trust (LSE:JMF) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2023)

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What is JPMorgan Mid Cap Investment Trust 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. JPMorgan Mid Cap Investment Trust's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.09.

JPMorgan Mid Cap Investment Trust's long-term debt to total assets ratio declined from Jun. 2022 (0.12) to Jun. 2023 (0.09). It may suggest that JPMorgan Mid Cap Investment Trust is progressively becoming less dependent on debt to grow their business.

JPMorgan Mid Cap Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for JPMorgan Mid Cap Investment Trust'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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JPMorgan Mid Cap Investment Trust LT-Debt-to-Total-Asset Chart

JPMorgan Mid Cap Investment Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.07

0.12

0.09

JPMorgan Mid Cap Investment Trust Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	-	0.12	-	0.09

JPMorgan Mid Cap Investment Trust LT-Debt-to-Total-Asset Calculation

JPMorgan Mid Cap Investment Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	23	/	245.814
	=	0.09

JPMorgan Mid Cap Investment Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	23	/	245.814
	=	0.09

JPMorgan Mid Cap Investment Trust (LSE:JMF) 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.

JPMorgan Mid Cap Investment Trust LT-Debt-to-Total-Asset Related Terms

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JPMorgan Mid Cap Investment Trust (LSE:JMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan Mid Cap Investment Trust PLC (LSE:JMF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JMFl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

http://www.jpmmidcap.co.uk

JPMorgan Mid Cap Investment Trust PLC is an investment trust. It generates revenue from its business of long and short-term borrowings, to achieve capital growth. For this purpose, it invests in medium-sized companies that fall under the London Stock Exchange (FTSE) 250 companies. The trust's core objective is to provide its shareholders a steady pattern of dividend payments by generating returns from investment across varied sectors such as consumer services, financials, industrials, technology, consumer goods, basic materials, healthcare, oil and gas, telecommunications, and utilities.

JPMorgan Mid Cap Investment Trust (LSE:JMF) Headlines

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