Bank of East Asia (Bank of East Asia) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Bank of East Asia 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 East Asia's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Bank of East Asia's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Bank of East Asia is progressively becoming more dependent on debt to grow their business.

Bank of East Asia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of East Asia'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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Bank of East Asia LT-Debt-to-Total-Asset Chart

Bank of East Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Bank of East Asia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Bank of East Asia LT-Debt-to-Total-Asset Calculation

Bank of East Asia'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 )
	=	2261.646	/	110164.281
	=	0.02

Bank of East Asia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2261.646	/	110164.281
	=	0.02

Bank of East Asia (OTCPK:BKEAY) 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 East Asia LT-Debt-to-Total-Asset Related Terms

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Bank of East Asia (Bank of East Asia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of East Asia Ltd (OTCPK:BKEAY) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

BKEAF:USA 00023:Hong Kong BOA:Germany

Address

10 Des Voeux Road Central, Hong Kong, HKG

Website

https://www.hkbea.com

Bank of East Asia Ltd provides banking services. The company's segments include Personal banking; Wholesale banking; Treasury markets; Wealth management; Centralised operations; Others; Mainland China operations; Overseas operations and Corporate management. It generates maximum revenue from the Personal banking segment. The Personal Banking segment includes branch operations, personal internet banking, consumer finance, property loans, and credit card business to individual customers in Hong Kong. Geographically, it derives a majority of its revenue from Hong Kong.

Bank of East Asia (Bank of East Asia) Headlines

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