DXF (Eason Technology) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Eason Technology 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. Eason Technology's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Eason Technology's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.09). It may suggest that Eason Technology is progressively becoming more dependent on debt to grow their business.

Eason Technology LT-Debt-to-Total-Asset Historical Data

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

Eason Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Eason Technology Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.04	0.09

Eason Technology LT-Debt-to-Total-Asset Calculation

Eason Technology'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 )
	=	1.402	/	39.707
	=	0.04

Eason Technology'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 )
	=	0.751	/	8.111
	=	0.09

Eason Technology (AMEX:DXF) 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.

Eason Technology LT-Debt-to-Total-Asset Related Terms

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Eason Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eason Technology Ltd (AMEX:DXF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 128 Xu Dong Street, 27th Floor, LianFa International Building, Wuchang District, Hubei Province, Wuhan, CHN, 430063

Website

http://www.hbctxed.com

Eason Technology Ltd Formerly Dunxin Financial Holdings Ltd is engaged in the business of providing loan facilities to micro, small, and medium-sized enterprises and sole proprietors in the Hubei province of the People's Republic of China. It serves family-run businesses, farmers, and individual borrowers. Some of its loan products include Consumer Loans; Commercial Loans; Collateral-Backed Loans; Enterprise Loans, and others.

Executives

Capital Management Shah

10 percent owner

8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615