Bank of Communications Co (Bank of Communications Co) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Bank of Communications 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. Bank of Communications Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Bank of Communications Co's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.08). It may suggest that Bank of Communications Co is progressively becoming more dependent on debt to grow their business.

Bank of Communications Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of Communications 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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Bank of Communications Co LT-Debt-to-Total-Asset Chart

Bank of Communications Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.07

0.08

Bank of Communications Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.08	0.08	0.08	0.08

Bank of Communications Co LT-Debt-to-Total-Asset Calculation

Bank of Communications 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 )
	=	149175.933	/	1969198.622
	=	0.08

Bank of Communications Co'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 )
	=	149175.933	/	1969198.622
	=	0.08

Bank of Communications Co (OTCPK:BCMXY) 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 Communications Co LT-Debt-to-Total-Asset Related Terms

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Bank of Communications Co (Bank of Communications Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Communications Co Ltd (OTCPK:BCMXY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

03328:Hong Kong C4C:Germany 601328:China

Address

No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120

Website

https://www.bankcomm.com

Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

Bank of Communications Co (Bank of Communications Co) Headlines

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