Guosen Securities Co (SZSE:002736) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Guosen Securities 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. Guosen Securities Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Guosen Securities Co's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.28). It may suggest that Guosen Securities Co is progressively becoming more dependent on debt to grow their business.

Guosen Securities Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guosen Securities 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.

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Guosen Securities Co LT-Debt-to-Total-Asset Chart

Guosen Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.23

0.21

0.28

Guosen Securities 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															0.20	0.19	0.22	0.28	0.28

Guosen Securities Co LT-Debt-to-Total-Asset Calculation

Guosen Securities 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 )
	=	130502.669	/	462960.17
	=	0.28

Guosen Securities 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 )
	=	132972.164	/	475803.898
	=	0.28

Guosen Securities Co (SZSE:002736) 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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Guosen Securities Co (SZSE:002736) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Guosen Securities Co Ltd (SZSE:002736) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1012 Hongling Middle Road, Floors 16 to 26 of Guoxin Securities Building, Luohu District, Guangdong, Shenzhen, CHN, 518001

Website

http://www.guosen.com.cn

Guosen Securities Co Ltd is a national securities company. It offers investment banking, financial engineering and asset management services.

Executives

Ceng Xin	Executives
He Ru	Director
Fan Ming Chun	Director
Meng Yang	Director
Chen Ge	Executives

Guosen Securities Co (SZSE:002736) Headlines

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