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China Huirong Financial Holdings (HKSE:01290) LT-Debt-to-Total-Asset : 0.33 (As of Jun. 2024)


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What is China Huirong Financial 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. China Huirong Financial Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.33.

China Huirong Financial Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.23) to Jun. 2024 (0.33). It may suggest that China Huirong Financial Holdings is progressively becoming more dependent on debt to grow their business.

China Huirong Financial Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Huirong Financial 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.

* Premium members only.

China Huirong Financial Holdings LT-Debt-to-Total-Asset Chart

China Huirong Financial Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.21 0.21 0.25 0.29

China Huirong Financial Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.25 0.23 0.29 0.33

China Huirong Financial Holdings LT-Debt-to-Total-Asset Calculation

China Huirong Financial 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 )
=1030.576/3610.189
=0.29

China Huirong Financial 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 )
=1260.115/3815.547
=0.33

* 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.

China Huirong Financial Holdings  (HKSE:01290) 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.

China Huirong Financial Holdings LT-Debt-to-Total-Asset Related Terms

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China Huirong Financial Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Huirong Financial Holdings Ltd (HKSE:01290) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:03329 HKSE:03623 HKSE:06058 HKSE:01945 HKSE:00585 HKSE:00397 HKSE:08029 HKSE:00888 HKSE:08163 BOM:532978 TSE:8591 TPE:2885 SZSE:002736 SZSE:000617 TSE:8473 VOYA OSL:STB SZSE:000987 BOM:540691 SZSE:002797
Traded in Other Exchanges
N/A
Address
No. 288 Yingchun Road, 9th Floor, Building A, Wuzhong District, Jiangsu Province, Suzhou, CHN
Website
http://www.cnhuirong.com
China Huirong Financial Holdings Ltd is an investment holding company. Its business divisions are the Inclusive finance business and Ecology finance business division. The Inclusive finance business division refers to the provision of lending services in the PRC. From the product perspective, the inclusive finance business division is principally engaged in lending services through granting secured loans and unsecured loans to customers. The ecology finance business division which is the key revenue driver, mainly dedicates services to supply chain, loan facilitation technology, factoring, insurance agency, and equity investment business.
Executives
Chen Yannan
Zhu Tianxiao 2201 Interest of corporation controlled by you
Xiaolai Investment Co., Ltd 2101 Beneficial owner
Baoxiang Investment Co., Ltd 2101 Beneficial owner
Zhang Xiangrong 2201 Interest of corporation controlled by you
Southern Swan Investment Co., Ltd 2101 Beneficial owner
Xilai Investment Co., Ltd 2101 Beneficial owner

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