ZhongAn Online P&C Insurance Co (HKSE:06060) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is ZhongAn Online P&C Insurance 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. ZhongAn Online P&C Insurance Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

ZhongAn Online P&C Insurance Co's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.17). It may suggest that ZhongAn Online P&C Insurance Co is progressively becoming more dependent on debt to grow their business.

ZhongAn Online P&C Insurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for ZhongAn Online P&C Insurance 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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ZhongAn Online P&C Insurance Co LT-Debt-to-Total-Asset Chart

ZhongAn Online P&C Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.15

0.17

ZhongAn Online P&C Insurance Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.15	0.13	0.15	0.15	0.17

ZhongAn Online P&C Insurance Co LT-Debt-to-Total-Asset Calculation

ZhongAn Online P&C Insurance 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 )
	=	7860.61	/	46883.307
	=	0.17

ZhongAn Online P&C Insurance 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 )
	=	7860.61	/	46883.307
	=	0.17

ZhongAn Online P&C Insurance Co (HKSE:06060) 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.

ZhongAn Online P&C Insurance Co LT-Debt-to-Total-Asset Related Terms

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ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZZHGF:USA ZZHGY:USA 1ZO:Germany

Address

219 Yuanmingyuan Road, Shanghai, CHN

Website

https://www.zhongan.com

ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

Executives

Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ma Huateng	2201 Interest of corporation controlled by you
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Shen Zhen Shi Teng Xun Ji Suan Ji Xi Tong You Xian Gong Si	2101 Beneficial owner
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Asia Pacific Promotion Limited	2201 Interest of corporation controlled by you
Shen Zhen Ri Xun Wang Lu Ke Ji Gu Fen You Xian Gong Si	2101 Beneficial owner
Sinolink Worldwide Holdings Limited	2201 Interest of corporation controlled by you
Timeway Holdings Limited	2201 Interest of corporation controlled by you
Ou Yaping	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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