JiangXi Bank Co (HKSE:01916) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is JiangXi Bank 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. JiangXi Bank Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

JiangXi Bank Co's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.09). It may suggest that JiangXi Bank Co is progressively becoming less dependent on debt to grow their business.

JiangXi Bank Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for JiangXi Bank 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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JiangXi Bank Co LT-Debt-to-Total-Asset Chart

JiangXi Bank Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.11

0.10

0.11

0.09

JiangXi Bank Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.10	0.13	0.11	0.11	0.09

JiangXi Bank Co LT-Debt-to-Total-Asset Calculation

JiangXi Bank 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 )
	=	51895.954	/	604143.696
	=	0.09

JiangXi Bank Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	51895.954	/	604143.696
	=	0.09

JiangXi Bank Co (HKSE:01916) 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.

JiangXi Bank Co LT-Debt-to-Total-Asset Related Terms

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JiangXi Bank Co (HKSE:01916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JiangXi Bank Co Ltd (HKSE:01916) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

https://www.jx-bank.com

JiangXi Bank Co Ltd operates as a commercial bank in China. The company's operating segments include Corporate banking; Retail banking and credit card; Financial markets business and others. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment provides a range of financial products and services to corporations, government agencies and financial institutions.

JiangXi Bank Co (HKSE:01916) Headlines

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