Huatai Securities Co (HKSE:06886) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Huatai Securities 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. Huatai Securities Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Huatai Securities Co's long-term debt to total assets ratio declined from Mar. 2023 (0.23) to Mar. 2024 (0.23). It may suggest that Huatai Securities Co is progressively becoming less dependent on debt to grow their business.

Huatai Securities Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huatai Securities 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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Huatai Securities Co LT-Debt-to-Total-Asset Chart

Huatai Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.22

0.26

0.24

0.26

Huatai Securities Co 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															0.23	0.25	0.26	0.26	0.23

Huatai Securities Co LT-Debt-to-Total-Asset Calculation

Huatai Securities 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 )
	=	260780.753	/	990425.957
	=	0.26

Huatai Securities 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 )
	=	211710.296	/	937068.216
	=	0.23

Huatai Securities Co (HKSE:06886) 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.

Huatai Securities Co LT-Debt-to-Total-Asset Related Terms

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Huatai Securities Co (HKSE:06886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Huatai Securities Co Ltd (HKSE:06886) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HTSC:UK 601688:China

Address

99 Queen’s Road Central, Room 4201, 62nd Floor, The Center, Hong Kong, HKG

Website

https://www.htsc.com.cn

Huatai Securities Co Ltd is a financial services provider. The divisions through which the company operates include Wealth management business, Institutional services business, Investment management business, international business, and Others. It has operations spread across Mainland China and Hong Kong, while the Mainland China division drives most of the company revenues. The company generates most of its revenues from the wealth management business division.

Executives

Jiang Su Sheng Su Hao Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Citigroup Inc.	2201 Interest of corporation controlled by you
Jiang Su Sheng Guo Xin Ji Tuan You Xian Gong Si	2101 Beneficial owner

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