Agricultural Bank of China (SHSE:601288) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Agricultural Bank of China 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. Agricultural Bank of China's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Agricultural Bank of China's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.07). It may suggest that Agricultural Bank of China is progressively becoming more dependent on debt to grow their business.

Agricultural Bank of China LT-Debt-to-Total-Asset Historical Data

The historical data trend for Agricultural Bank of China'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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Agricultural Bank of China LT-Debt-to-Total-Asset Chart

Agricultural Bank of China Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.06

0.07

Agricultural Bank of China 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															0.06	0.06	0.07	0.07	0.07

Agricultural Bank of China LT-Debt-to-Total-Asset Calculation

Agricultural Bank of China'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 )
	=	2678211	/	39872989
	=	0.07

Agricultural Bank of China'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 )
	=	2726982	/	42157279
	=	0.06

Agricultural Bank of China (SHSE:601288) 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.

Agricultural Bank of China LT-Debt-to-Total-Asset Related Terms

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Agricultural Bank of China (SHSE:601288) Business Description

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ACGBY:USA ACGBF:USA 01288:Hong Kong EK7:Germany

Address

50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.abchina.com

As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

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