COFCO Capital Holdings Co (SZSE:002423) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is COFCO Capital Holdings 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. COFCO Capital Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

COFCO Capital Holdings Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that COFCO Capital Holdings Co is progressively becoming more dependent on debt to grow their business.

COFCO Capital Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for COFCO Capital Holdings 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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COFCO Capital Holdings Co LT-Debt-to-Total-Asset Chart

COFCO Capital Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

COFCO Capital Holdings 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															0.02	0.02	0.03	0.03	0.03

COFCO Capital Holdings Co LT-Debt-to-Total-Asset Calculation

COFCO Capital Holdings 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 )
	=	3348.585	/	124801.461
	=	0.03

COFCO Capital Holdings 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 )
	=	3351.42	/	132362.222
	=	0.03

COFCO Capital Holdings Co (SZSE:002423) 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.

COFCO Capital Holdings Co LT-Debt-to-Total-Asset Related Terms

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COFCO Capital Holdings Co (SZSE:002423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » COFCO Capital Holdings Co Ltd (SZSE:002423) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105, 11th floor, COFCO Fulinmen Building, Chaoyang District, Beijing, CHN, 100020

Website

http://www.zssw.com

COFCO Capital Holdings Co Ltd is a provider of financial services. The company's services include trust, insurance, futures, banking and other financial services. It provides investment and asset management; corporate management; investment planning and consulting services.

Executives

Wang Jin Tao	Supervisors
Jiang Gen Bao	Secretary, Director
Xu Bin	Director
Jia Li Shan	Director

COFCO Capital Holdings Co (SZSE:002423) Headlines

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