Jinshang Bank Co (HKSE:02558) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Jinshang 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. Jinshang Bank Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Jinshang Bank Co's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.06). It may suggest that Jinshang Bank Co is progressively becoming less dependent on debt to grow their business.

Jinshang Bank Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinshang 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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Jinshang Bank Co LT-Debt-to-Total-Asset Chart

Jinshang Bank Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.19

0.20

0.10

0.06

Jinshang Bank Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.20	0.11	0.10	0.06	0.06

Jinshang Bank Co LT-Debt-to-Total-Asset Calculation

Jinshang 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 )
	=	24211.581	/	395187.814
	=	0.06

Jinshang Bank Co'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 )
	=	24211.581	/	395187.814
	=	0.06

Jinshang Bank Co (HKSE:02558) 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.

Jinshang Bank Co LT-Debt-to-Total-Asset Related Terms

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Jinshang Bank Co (HKSE:02558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jinshang Bank Co Ltd (HKSE:02558) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 59 Changfeng Street, Xiaodian District, Shanxi Province, Taiyuan, CHN, 030000

Website

https://www.jshbank.com

Jinshang Bank Co Ltd operates as a commercial bank. It offers deposits, loans, credit card, and other banking services. The bank's operating segments are Corporate banking, Retail banking, Treasury business, and others segment. It generates a majority of its revenue from the corporate banking segment which is engaged in the provision of a range of financial products and services to corporations, government agencies, and financial institutions. These products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services and guarantee services among others.

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