Jakks Pacific (FRA:JP1A) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Jakks Pacific 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. Jakks Pacific's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Jakks Pacific's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.05). It may suggest that Jakks Pacific is progressively becoming less dependent on debt to grow their business.

Jakks Pacific LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jakks Pacific'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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Jakks Pacific LT-Debt-to-Total-Asset Chart

Jakks Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.55

0.51

0.28

0.13

0.04

Jakks Pacific 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															0.11	0.02	0.04	0.04	0.05

Jakks Pacific LT-Debt-to-Total-Asset Calculation

Jakks Pacific'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 )
	=	15.283	/	365.838
	=	0.04

Jakks Pacific'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 )
	=	14.684	/	298.387
	=	0.05

Jakks Pacific (FRA:JP1A) 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.

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Jakks Pacific (FRA:JP1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jakks Pacific Inc (FRA:JP1A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JAKK:USA JP1A:Germany

Address

2951 28th Street, Santa Monica, CA, USA, 90405

Website

https://www.jakks.com

Jakks Pacific Inc is a multi-brand toy company that designs, produces, markets, and distributes toys and related products, consumables, and related products, electronics and related products, kids' indoor and outdoor furniture, and other consumer products. Its products offering include Traditional toys and electronics such as Action figures, Toy vehicles, Dolls and accessories, Ride-on toys, Toys for pets, and others.

Jakks Pacific (FRA:JP1A) Headlines

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