Lufax Holding (Lufax Holding) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Lufax Holding 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. Lufax Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Lufax Holding's long-term debt to total assets ratio increased from Mar. 2023 (0.17) to Mar. 2024 (0.21). It may suggest that Lufax Holding is progressively becoming more dependent on debt to grow their business.

Lufax Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lufax Holding'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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Lufax Holding LT-Debt-to-Total-Asset Chart

Lufax Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.12

0.15

0.19

Lufax Holding 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															0.17	0.17	0.17	0.19	0.21

Lufax Holding LT-Debt-to-Total-Asset Calculation

Lufax Holding'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 )
	=	6282.772	/	33195.57
	=	0.19

Lufax Holding'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 )
	=	6697.038	/	31924.717
	=	0.21

Lufax Holding (NYSE:LU) 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.

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Lufax Holding (Lufax Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (NYSE:LU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

06623:Hong Kong 0VU1:Germany

Address

Jinxiu East Road, Lane 2777, Pudong New District, Shanghai, CHN

Website

https://www.lu.com

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.