Shinhan Financial Group Co (FRA:KSF1) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Shinhan Financial Group 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. Shinhan Financial Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Shinhan Financial Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.17) to Sep. 2024 (0.18). It may suggest that Shinhan Financial Group Co is progressively becoming more dependent on debt to grow their business.

Shinhan Financial Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shinhan Financial Group 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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Shinhan Financial Group Co LT-Debt-to-Total-Asset Chart

Shinhan Financial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.18

0.19

0.18

Shinhan Financial Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.18	0.18	0.18	0.18

Shinhan Financial Group Co LT-Debt-to-Total-Asset Calculation

Shinhan Financial Group 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 )
	=	88551.316	/	486337.776
	=	0.18

Shinhan Financial Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	88572.899	/	504699.033
	=	0.18

Shinhan Financial Group Co (FRA:KSF1) 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.

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Shinhan Financial Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (FRA:KSF1) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SHG:USA 055550:Korea KSF1:Germany

Address

20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513

Website

http://www.shinhangroup.com

Shinhan Financial is a Korean banking group. Along with its subsidiaries the company provides, comprehensive financial services which consist of commercial banking services, credit card services, securities services, insurance, credit services, and asset management services, including securities investment trust management, investment advisory, call transaction, domestic and foreign private equity fund business, and other services. The majority of the revenue is generated from its Banking business which includes retail, corporate, international, and other banking services the company offers.

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