JPMorgan US Smaller IT (LSE:JUSC) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is JPMorgan US Smaller IT 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 US Smaller IT's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

JPMorgan US Smaller IT's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.08). It may suggest that JPMorgan US Smaller IT is progressively becoming less dependent on debt to grow their business.

JPMorgan US Smaller IT LT-Debt-to-Total-Asset Historical Data

The historical data trend for JPMorgan US Smaller IT'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 US Smaller IT LT-Debt-to-Total-Asset Chart

JPMorgan US Smaller IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.08

JPMorgan US Smaller IT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.08	-	0.08

JPMorgan US Smaller IT LT-Debt-to-Total-Asset Calculation

JPMorgan US Smaller IT'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 )
	=	23.533	/	303.531
	=	0.08

JPMorgan US Smaller IT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	23.533	/	303.531
	=	0.08

JPMorgan US Smaller IT (LSE:JUSC) 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 US Smaller IT LT-Debt-to-Total-Asset Related Terms

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JPMorgan US Smaller IT (LSE:JUSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan US Smaller Companies IT PLC (LSE:JUSC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.jpmussmallercompanies.co.uk

JPMorgan US Smaller Companies IT PLC is a UK-based investment company. It aims to achieve capital growth from investing in the US smaller companies. The company invests in a diversified portfolio and employs a manager with a strong focus on research and identifying the most attractive stocks in the us smaller companies universe. It reviews its performance against the Russell 2000 Index total return with net dividends reinvested, expressed in sterling terms which represent smaller companies' index and is rebalanced annually to represent the bottom 10% by market capitalization of all quoted companies in the us.

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