Changjiang Securities Company (SZSE:000783) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Changjiang Securities Company 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. Changjiang Securities Company's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Changjiang Securities Company's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.27). It may suggest that Changjiang Securities Company is progressively becoming less dependent on debt to grow their business.

Changjiang Securities Company LT-Debt-to-Total-Asset Historical Data

The historical data trend for Changjiang Securities Company'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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Changjiang Securities Company LT-Debt-to-Total-Asset Chart

Changjiang Securities Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.36

0.34

0.36

0.30

Changjiang Securities Company 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															0.28	0.31	0.30	0.30	0.27

Changjiang Securities Company LT-Debt-to-Total-Asset Calculation

Changjiang Securities Company'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 )
	=	50847.71	/	170729.438
	=	0.30

Changjiang Securities Company'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 )
	=	40984.318	/	153489.141
	=	0.27

Changjiang Securities Company (SZSE:000783) 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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Changjiang Securities Company (SZSE:000783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Changjiang Securities Company Ltd (SZSE:000783) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. Te 8 Xinhua Road, Jianghan District, Wuhan, Hubei, CHN, 430015

Website

http://www.cjsc.com.cn

Changjiang Securities Company Ltd is a financial service company. The company engages in securities brokerage, investment banking, asset management, fixed-income business, fund management, and futures and direct investment. Geographically the company operates in China.

Executives

Shen Xiao Lin	Supervisors
Cui Shao Hua	Director
Hu Si Yong	Supervisors
Gao Pei Yong	Independent director
Song Qiu Ming	Supervisors
Liu Xiao Xin	Executives

Changjiang Securities Company (SZSE:000783) Headlines

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