Shin Kong Financial Holding Co (TPE:2888) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Shin Kong Financial Holding 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. Shin Kong Financial Holding Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

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

Shin Kong Financial Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shin Kong Financial Holding 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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Shin Kong Financial Holding Co LT-Debt-to-Total-Asset Chart

Shin Kong Financial Holding Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.02

Shin Kong Financial Holding 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	0.02	0.02	0.02

Shin Kong Financial Holding Co LT-Debt-to-Total-Asset Calculation

Shin Kong Financial Holding 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 )
	=	100962.292	/	4953494.191
	=	0.02

Shin Kong Financial Holding 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 )
	=	113307.102	/	5084230.821
	=	0.02

Shin Kong Financial Holding Co (TPE:2888) 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.

Shin Kong Financial Holding Co LT-Debt-to-Total-Asset Related Terms

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Shin Kong Financial Holding Co (TPE:2888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Shin Kong Financial Holding Co Ltd (TPE:2888) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2888B.PFD:Taiwan 2888A.PFD:Taiwan

Address

No. 66 Chung-Hsiao West Road, Section 1, 38th Floor, Taipei, TWN

Website

https://www.skfh.com.tw

Shin Kong Financial Holding Co Ltd is a Taiwanese financial services company, mainly offering insurance and banking. Its subsidiaries offer life insurance, banking, asset management, securities, property insurance agency, and venture capital. The company is engaged in other various nonfinancial operations: natural gas and telecommunication services; construction, leasing, sale, and management of high-end residential, office, and commercial properties; production of high-quality textiles; and healthcare. Its segment comprises Insurance; Banking; Securities; and Others out of which the Insurance segment derives the majority of revenue.

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