Qifu Technology (Qifu Technology) Debt-to-Asset : 0.01 (As of Mar. 2024)

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What is Qifu Technology Debt-to-Asset?

Qifu Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $95 Mil. Qifu Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Qifu Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $6,586 Mil. Qifu Technology's debt to asset for the quarter that ended in Mar. 2024 was 0.01.

Qifu Technology Debt-to-Asset Historical Data

The historical data trend for Qifu Technology's Debt-to-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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Qifu Technology Debt-to-Asset Chart

Qifu Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.02

Qifu Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															-	0.01	0.02	0.02	0.01

Competitive Comparison of Qifu Technology's Debt-to-Asset

For the Credit Services subindustry, Qifu Technology's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Qifu Technology's Debt-to-Asset Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qifu Technology's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Qifu Technology's Debt-to-Asset falls into.

Qifu Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Qifu Technology's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(115.925	+	0)	/	6416.987
	=	0.02

Qifu Technology's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(94.953	+	0)	/	6585.644
	=	0.01

Qifu Technology (NAS:QFIN) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Qifu Technology Debt-to-Asset Related Terms

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Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.