China Zheshang Bank Co (HKSE:02016) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is China Zheshang Bank Co 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. China Zheshang Bank Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

China Zheshang Bank Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.14). It may suggest that China Zheshang Bank Co is progressively becoming more dependent on debt to grow their business.

China Zheshang Bank Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Zheshang Bank Co'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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China Zheshang Bank Co LT-Debt-to-Total-Asset Chart

China Zheshang Bank Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.14

0.12

0.13

China Zheshang Bank Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.12	0.12	0.13	0.14

China Zheshang Bank Co LT-Debt-to-Total-Asset Calculation

China Zheshang Bank Co'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 )
	=	436631.062	/	3438708.47
	=	0.13

China Zheshang Bank Co'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 )
	=	479384.836	/	3434549.565
	=	0.14

China Zheshang Bank Co (HKSE:02016) 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.

China Zheshang Bank Co LT-Debt-to-Total-Asset Related Terms

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China Zheshang Bank Co (HKSE:02016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Zheshang Bank Co Ltd (HKSE:02016) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

601916:China

Address

No. 288, Qingchun Road, Xiacheng District, Zhejiang, Hangzhou, CHN, 310006

Website

https://www.czbank.com

China Zheshang Bank Co Ltd provides corporate and personal deposits, loans and advances, clearing and settlement services, treasury business, and other banking services as approved by the CBIRC. The company's business segments include Corporate banking; Retail banking; Treasury operations and other business. It generates maximum revenue from the Corporate banking segment. The corporate banking segment covers the provision of financial products and services to corporations, government agencies, and other institutions. The products and services include corporate loans and advances, trade financing, deposit products, and various types of corporate intermediary services, etc.

Executives

Xin Tai Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
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Chow Tai Fook (holding) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings Ii) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Enterprises Limited	2201 Interest of corporation controlled by you
Zheneng Capital Investment (hong Kong) Limited	2101 Beneficial owner

China Zheshang Bank Co (HKSE:02016) Headlines

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