HuaAn Securities Co (SHSE:600909) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is HuaAn 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. HuaAn Securities Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

HuaAn Securities Co's long-term debt to total assets ratio increased from Mar. 2023 (0.24) to Mar. 2024 (0.26). It may suggest that HuaAn Securities Co is progressively becoming more dependent on debt to grow their business.

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

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

HuaAn Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.23

0.20

0.22

0.26

HuaAn 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															0.24	0.25	0.26	0.26	0.26

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

HuaAn 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 )
	=	20816.343	/	79557.635
	=	0.26

HuaAn 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 )
	=	22138.048	/	83717.396
	=	0.26

HuaAn Securities Co (SHSE:600909) 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.

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

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HuaAn Securities Co (SHSE:600909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » HuaAn Securities Co Ltd (SHSE:600909) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 198, Swan Lake Road, Hefei Municipal Government Cultural New District, Anhui Province, Hefei, CHN, 230081

Website

http://www.hazq.com

HuaAn Securities Co Ltd is a China-based securities company. It is primarily involved in various business activities such as securities brokerage, securities investment consulting, financial advisory, trading and securities investment, wealth management, investment banking, asset management and direct investment business. Geographically all the activities are carried out through China.

Executives

Yin Zhong Li

Director

HuaAn Securities Co (SHSE:600909) Headlines

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