CIIHF (CITIC Securities Co) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2024)

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What is CITIC 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. CITIC Securities Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.15.

CITIC Securities Co's long-term debt to total assets ratio declined from Dec. 2023 (0.18) to Dec. 2024 (0.15). It may suggest that CITIC Securities Co is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for CITIC 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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CITIC Securities Co LT-Debt-to-Total-Asset Chart

CITIC Securities Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.19

0.20

0.14

0.18

0.15

CITIC Securities Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.14	0.16	0.13	0.15

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

CITIC Securities Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	33981.332	/	234965.158
	=	0.14

CITIC Securities Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	33981.332	/	234965.158
	=	0.14

CITIC Securities Co (OTCPK:CIIHF) 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.

CITIC Securities Co LT-Debt-to-Total-Asset Related Terms

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CITIC Securities Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CITIC Securities Co Ltd (OTCPK:CIIHF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CIIHY:USA 06030:Hong Kong CI9:Germany 600030:China

Address

No. 1 Tim Mei Avenue, 26th Floor, CITIC Tower, Central, Hong Kong, HKG

Website

https://www.citics.com

CITIC Securities Co Ltd is a brokerage and investment group that provides brokerage, underwriting and sponsoring, proprietary trading, investment banking, asset management, investment advisory, Margin financing and securities lending, Stock option market-making and other services. The company has five reportable segments namely Investment banking, Brokerage, Trading, Assets management and Other. It derives maximum revenue from Trading segment.

CITIC Securities Co Headlines

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