Huize Holding (Huize Holding) Debt-to-Asset : 0.19 (As of Dec. 2023)

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What is Huize Holding Debt-to-Asset?

Huize Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.6 Mil. Huize Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.1 Mil. Huize Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $132.6 Mil. Huize Holding's debt to asset for the quarter that ended in Dec. 2023 was 0.19.

Huize Holding Debt-to-Asset Historical Data

The historical data trend for Huize Holding'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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Huize Holding Debt-to-Asset Chart

Huize Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.07

0.26

0.27

0.31

0.19

Huize Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.31	0.22	0.17	0.18	0.19

Competitive Comparison of Huize Holding's Debt-to-Asset

For the Insurance Brokers subindustry, Huize Holding'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.

Huize Holding's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Huize Holding's Debt-to-Asset distribution charts can be found below:

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

Huize Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Huize Holding'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
	=	(6.575	+	18.109)	/	132.63
	=	0.19

Huize Holding's Debt-to-Asset for the quarter 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
	=	(6.575	+	18.109)	/	132.63
	=	0.19

Huize Holding (NAS:HUIZ) 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.

Huize Holding Debt-to-Asset Related Terms

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Huize Holding (Huize Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Huize Holding Ltd (NAS:HUIZ) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianhai Financial Centre, Linhai Avenue, 49 Floor, Building T1, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN, 518000

Website

https://www.huize.com

Huize Holding Ltd is an independent online insurance product and service platform in China. The company distributes on its platform insurance products underwritten by the insurance companies who cooperate with the company, who the company refers to as its insurer partners, and helps them reach a large number of insurance clients. The company's platform offers digitalized insurance purchase experience and services through various internet and mobile internet channels. The company primarily generates revenues from the insurance brokerage fees paid by its insurer partners.