CNF (CNFinance Holdings) Debt-to-Asset : 0.48 (As of Jun. 2024)

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What is CNFinance Holdings Debt-to-Asset?

CNFinance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.0 Mil. CNFinance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1,149.4 Mil. CNFinance Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $2,381.8 Mil. CNFinance Holdings's debt to asset for the quarter that ended in Jun. 2024 was 0.48.

CNFinance Holdings Debt-to-Asset Historical Data

The historical data trend for CNFinance Holdings's Debt-to-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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CNFinance Holdings Debt-to-Asset Chart

CNFinance Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.51

0.46

0.56

0.54

0.51

CNFinance Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.50	0.47	0.47	0.51	0.48

Competitive Comparison of CNFinance Holdings's Debt-to-Asset

For the Mortgage Finance subindustry, CNFinance Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CNFinance Holdings's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CNFinance Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where CNFinance Holdings's Debt-to-Asset falls into.

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CNFinance Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CNFinance Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1158.187)	/	2291.861
	=	0.51

CNFinance Holdings's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1149.362)	/	2381.768
	=	0.48

CNFinance Holdings (NYSE:CNF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

CNFinance Holdings Debt-to-Asset Related Terms

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CNFinance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNFinance Holdings Ltd (NYSE:CNF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 Zhujiang Dong Road, 44th Floor, Tower G, Guangdong Province, Gold Land Plaza, Tianhe District, Guangzhou, CHN, 510620

Website

https://ir.cashchina.cn

CNFinance Holdings Ltd is an equity loan service provider. It focuses on the development of small and micro-enterprises. It generates revenue in the form of interest and financing service fees on loans and interest on deposits with banks. Its primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. Geographically, it has an operation in PRC.