HBCYF (HSBC Holdings) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is HSBC 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. HSBC Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

HSBC Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that HSBC Holdings is progressively becoming more dependent on debt to grow their business.

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

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

HSBC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.08

0.07

0.08

HSBC Holdings 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															0.03	0.08	0.03	0.04	0.03

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

HSBC 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 )
	=	235159	/	3038677
	=	0.08

HSBC Holdings'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 )
	=	103414	/	3098621
	=	0.03

HSBC Holdings (OTCPK:HBCYF) 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.

HSBC Holdings LT-Debt-to-Total-Asset Related Terms

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HSBC Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HSBC Holdings PLC (OTCPK:HBCYF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HSBC:USA HBC N:Mexico 00005:Hong Kong HSBAl:UK HSBA:UK HBC1:Germany HBC2:Germany HBC1:Germany HBC2:Germany HBC1:Germany HBC2:Germany HBC1:Germany H1SB34:Brazil HSBC.BH:Bermuda HSBC:Argentina

Address

8 Canada Square, London, GBR, E14 5HQ

Website

https://www.hsbc.com

Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates in around 60 countries with around 220,000 full-time staff. The United Kingdom and Hong Kong are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.