Jack Henry & Associates Inc

NASDAQ JKHY

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Jack Henry & Associates Inc Debt to Tangible Net Worth Ratio 1 year YoY Change (%) for the year ending June 30, 2023: 37.08%

Jack Henry & Associates Inc Debt to Tangible Net Worth Ratio 1 year YoY Change (%) is 37.08% for the year ending June 30, 2023, a 834.02% change year over year. The debt to tangible net worth ratio measures the level of debt relative to a company's tangible net worth. It is calculated by dividing total debt by the difference between shareholders' equity and intangible assets (such as goodwill). This ratio provides insights into the company's financial leverage, excluding intangible assets. A higher ratio suggests a higher level of debt burden in relation to tangible net worth. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Jack Henry & Associates Inc Debt to Tangible Net Worth Ratio for the year ending June 30, 2022 was 0.61, a -5.05% change year over year.
  • Jack Henry & Associates Inc Debt to Tangible Net Worth Ratio for the year ending June 30, 2021 was 0.64, a 48,054.34% change year over year.
  • Jack Henry & Associates Inc Debt to Tangible Net Worth Ratio for the year ending June 30, 2020 was 0.00.
NASDAQ: JKHY

Jack Henry & Associates Inc

CEO Mr. David B. Foss
IPO Date Nov. 20, 1985
Location United States
Headquarters 663 West Highway 60, Monett, MO, United States, 65708
Employees 7,120
Sector Technology
Industry Information technology services
Description

Jack Henry & Associates, Inc., a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions; core data processing solutions for various credit unions; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial services organizations and corporate entities. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary products and services that enable core bank and credit union clients to respond to evolving customer/member demands. In addition, the company's core banking platform offerings include SilverLake system, a robust system primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven, easy-to-use system for banks; and Core Director, a cost-efficient system with point-and-click operation, as well as core credit union platform under the Symitar name. Further, it provides digital products and services and electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; implementation, training, and support services; and software licensing and related services, professional services, and data centers. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.

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StockViz Staff

September 19, 2024

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