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

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What is CNFinance Holdings 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. CNFinance Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.48.

CNFinance Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.50) to Jun. 2024 (0.48). It may suggest that CNFinance Holdings is progressively becoming less dependent on debt to grow their business.

CNFinance Holdings LT-Debt-to-Total-Asset Historical Data

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

CNFinance Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.50	0.47	0.47	0.51	0.48

CNFinance Holdings LT-Debt-to-Total-Asset Calculation

CNFinance Holdings'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 )
	=	1158.187	/	2291.861
	=	0.51

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1149.362	/	2381.768
	=

CNFinance Holdings (NYSE:CNF) 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.

CNFinance Holdings LT-Debt-to-Total-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 » LT-Debt-to-Total-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.