Baidu (BIDU) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Baidu 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. Baidu's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Baidu's long-term debt to total assets ratio declined from Dec. 2022 (0.17) to Dec. 2023 (0.15). It may suggest that Baidu is progressively becoming less dependent on debt to grow their business.

Baidu LT-Debt-to-Total-Asset Historical Data

The historical data trend for Baidu'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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Baidu LT-Debt-to-Total-Asset Chart

Baidu Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.20

0.17

0.15

Baidu 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															0.17	0.17	0.16	0.16	0.15

Baidu LT-Debt-to-Total-Asset Calculation

Baidu'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 )
	=	8738.831	/	56967.452
	=	0.15

Baidu'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 )
	=	8738.831	/	56967.452
	=	0.15

Baidu (NAS:BIDU) 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.

Baidu LT-Debt-to-Total-Asset Related Terms

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Baidu (BIDU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Baidu Inc (NAS:BIDU) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BAIDF:USA BIDU80:Thailand BIDU:Peru BIDUN:Mexico 09888:Hong Kong 0HL1:UK B1CB:Germany B1CB:Germany B1CB:Germany B1C:Germany B1C:Germany B1C:Germany BIDU34:Brazil BIDU:Austria BIDU:Argentina

Address

No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085

Website

https://ir.baidu.com

Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.