Bank Of Nanjing Co (SHSE:601009) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Bank Of Nanjing 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. Bank Of Nanjing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Bank Of Nanjing Co's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.15). It may suggest that Bank Of Nanjing Co is progressively becoming more dependent on debt to grow their business.

Bank Of Nanjing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank Of Nanjing 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.

* Premium members only.

Bank Of Nanjing Co LT-Debt-to-Total-Asset Chart

Bank Of Nanjing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.16

0.15

0.13

Bank Of Nanjing 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															0.09	0.11	0.13	0.13	0.15

Bank Of Nanjing Co LT-Debt-to-Total-Asset Calculation

Bank Of Nanjing 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 )
	=	298515.305	/	2288275.916
	=	0.13

Bank Of Nanjing 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 )
	=	348962.034	/	2396263.521
	=	0.15

Bank Of Nanjing Co (SHSE:601009) 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.

Bank Of Nanjing Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Bank Of Nanjing Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank Of Nanjing Co (SHSE:601009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of Nanjing Co Ltd (SHSE:601009) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.288 Zhongshan Road, Nanjing, CHN, 210008

Website

http://www.njcb.com.cn

Bank Of Nanjing Co Ltd is a commercial bank. It provides financial products and services for all types of clientele. it holds a broad network in many economically affluent cities of the Yangtze River Delta Region and Beijing.

Executives

Guo Jun	Supervisors
Ma Miao	Supervisors
Zhou Hong Sheng	senior management
Xu Yue Ping	Supervisors
Yu Rui Yu	Director
Liu En Qi	senior management
Xu La Mei	senior management
Shen Yong Ming	Director
Lv Dong Yang	Supervisors
Lin Jing Ran	Director
Shu Xing Nong	senior management
Jiang Zhi Chun	Supervisors
Wang Hua	Supervisors
Tang Zhe Xin	Director
Zhu Feng	Supervisors

Bank Of Nanjing Co (SHSE:601009) Headlines

No Headlines