JE Cleantech Holdings (STU:XN60) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is JE Cleantech 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. JE Cleantech Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

JE Cleantech Holdings's long-term debt to total assets ratio declined from Jun. 2022 (0.18) to Dec. 2023 (0.14). It may suggest that JE Cleantech Holdings is progressively becoming less dependent on debt to grow their business.

JE Cleantech Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for JE Cleantech 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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JE Cleantech Holdings LT-Debt-to-Total-Asset Chart

JE Cleantech Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.34

0.28

0.32

0.15

0.14

JE Cleantech Holdings Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.18	-	0.15	0.15	0.14

JE Cleantech Holdings LT-Debt-to-Total-Asset Calculation

JE Cleantech 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 )
	=	3.458	/	24.433
	=	0.14

JE Cleantech Holdings'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 )
	=	3.458	/	24.433
	=

JE Cleantech Holdings (STU:XN60) 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.

JE Cleantech Holdings LT-Debt-to-Total-Asset Related Terms

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JE Cleantech Holdings (STU:XN60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JE Cleantech Holdings Ltd (STU:XN60) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JCSE:USA

Address

3 Woodlands Sector 1, Singapore, SGP, 738361

Website

https://www.jecleantech.sg

JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The product lives of its cleaning systems and other equipment range from two to ten years. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. It derives a majority of its revenue from Singapore.

JE Cleantech Holdings (STU:XN60) Headlines

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