JG Summit Holdings (PHS:JGS) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is JG Summit Holdings 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. JG Summit Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

JG Summit Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.27). It may suggest that JG Summit Holdings is progressively becoming more dependent on debt to grow their business.

JG Summit Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for JG Summit Holdings'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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JG Summit Holdings LT-Debt-to-Total-Asset Chart

JG Summit Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.26

0.24

0.20

0.24

JG Summit Holdings 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															0.20	0.22	0.25	0.24	0.27

JG Summit Holdings LT-Debt-to-Total-Asset Calculation

JG Summit Holdings'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 )
	=	269074.646	/	1112257.022
	=	0.24

JG Summit Holdings'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 )
	=	270807.049	/	989893.937
	=	0.27

JG Summit Holdings (PHS:JGS) 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.

JG Summit Holdings LT-Debt-to-Total-Asset Related Terms

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JG Summit Holdings (PHS:JGS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » JG Summit Holdings Inc (PHS:JGS) » Definitions » LT-Debt-to-Total-Asset

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JGSHF:USA

Address

ADB Avenue Corner, Poveda Road, 43rd Floor, Robinsons-Equitable Tower, Ortigas Center, Metro Manila, Pasig City, RIZ, PHL, 1600

Website

https://www.jgsummit.com.ph

JG Summit Holdings Inc is a diversified Filipino conglomerate, engaged in foods, agro-industrial and commodities, real estate and hotel, air transportation, banking and petrochemicals. The company also has investments in telecommunications and power generation and distribution. It also has a branded consumer foods business in China, ASEAN and an investment in a property development company in Singapore. The Group conducts businesses throughout the Philippines, but primarily in and around Metro Manila and in the regions of Luzon, Visayas and Mindanao.

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