Everbright Securities Co (SHSE:601788) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Everbright 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. Everbright Securities Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Everbright Securities Co's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.20). It may suggest that Everbright Securities Co is progressively becoming less dependent on debt to grow their business.

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

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

Everbright Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.34

0.32

0.27

0.26

Everbright 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	0.25	0.26	0.20

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

Everbright 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 )
	=	68340.038	/	259604.027
	=	0.26

Everbright 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 )
	=	50213.893	/	246030.185
	=	0.20

Everbright Securities Co (SHSE:601788) 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.

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

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Everbright Securities Co (SHSE:601788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Everbright Securities Co Ltd (SHSE:601788) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

06178:Hong Kong

Address

12/F, 108 Gloucester Road, Everbright Centre, Wan Chai, Hong Kong, HKG

Website

https://www.ebscn.com

Everbright Securities Co Ltd is a China-based company is engaged in providing brokerage and investment consulting services. The Company's business includes wealth management business segment, corporate financing business segment, institutional customer business segment, investment trading business segment, asset management business segment and equity investment business segment. The company generates the majority of its revenue from wealth management business segment.

Executives

Yuan De Zong

Supervisors

Everbright Securities Co (SHSE:601788) Headlines

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