China CITIC Financial Asset Management Co (HKSE:02799) LT-Debt-to-Total-Asset : 0.88 (As of Dec. 2023)

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What is China CITIC Financial Asset Management 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. China CITIC Financial Asset Management Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.88.

China CITIC Financial Asset Management Co's long-term debt to total assets ratio increased from Dec. 2022 (0.87) to Dec. 2023 (0.88). It may suggest that China CITIC Financial Asset Management Co is progressively becoming more dependent on debt to grow their business.

China CITIC Financial Asset Management Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China CITIC Financial Asset Management 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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China CITIC Financial Asset Management Co LT-Debt-to-Total-Asset Chart

China CITIC Financial Asset Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.68

0.71

0.68

0.87

0.88

China CITIC Financial Asset Management Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	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														0.68	0.86	0.87	0.90	0.88

China CITIC Financial Asset Management Co LT-Debt-to-Total-Asset Calculation

China CITIC Financial Asset Management 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 )
	=	934647.809	/	1058890.8
	=	0.88

China CITIC Financial Asset Management 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 )
	=	934647.809	/	1058890.8
	=	0.88

China CITIC Financial Asset Management Co (HKSE:02799) 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 CITIC Financial Asset Management Co LT-Debt-to-Total-Asset Related Terms

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China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

China Life Franklin Asset Management Co., Limited	2102 Investment manager
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Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
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Warburg Pincus Xi, L.p.	2201 Interest of corporation controlled by you
Wp Xi International Ii Ltd	2201 Interest of corporation controlled by you
Wp Global Llc	2201 Interest of corporation controlled by you
Warburg Pincus Private Equity Xi, L.p.	2201 Interest of corporation controlled by you
Warburg Pincus & Co.	2201 Interest of corporation controlled by you
Sino-ocean Group Holding Limited	2201 Interest of corporation controlled by you
Wisdom City Enterprises Limited	2201 Interest of corporation controlled by you
Sol Investment Fund Lp	2201 Interest of corporation controlled by you

China CITIC Financial Asset Management Co (HKSE:02799) Headlines

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