JiLin JiuTai Rural Commercial Bank (HKSE:06122) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is JiLin JiuTai Rural Commercial Bank 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. JiLin JiuTai Rural Commercial Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

JiLin JiuTai Rural Commercial Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that JiLin JiuTai Rural Commercial Bank is progressively becoming less dependent on debt to grow their business.

JiLin JiuTai Rural Commercial Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for JiLin JiuTai Rural Commercial Bank'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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JiLin JiuTai Rural Commercial Bank LT-Debt-to-Total-Asset Chart

JiLin JiuTai Rural Commercial Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.04

0.03

0.02

0.01

JiLin JiuTai Rural Commercial Bank Semi-Annual Data
	Dec13	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															0.03	0.03	0.02	0.01	0.01

JiLin JiuTai Rural Commercial Bank LT-Debt-to-Total-Asset Calculation

JiLin JiuTai Rural Commercial Bank'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 )
	=	4098.397	/	295074.188
	=	0.01

JiLin JiuTai Rural Commercial Bank'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 )
	=	4098.397	/	295074.188
	=	0.01

JiLin JiuTai Rural Commercial Bank (HKSE:06122) 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.

JiLin JiuTai Rural Commercial Bank LT-Debt-to-Total-Asset Related Terms

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JiLin JiuTai Rural Commercial Bank (HKSE:06122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JiLin JiuTai Rural Commercial Bank Corp Ltd (HKSE:06122) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

2JJ:Germany

Address

No. 2559 Wei Shan Road, High and New Technology Development Zone, Jilin Province, Changchun, CHN

Website

https://www.jtnsh.com

JiLin JiuTai Rural Commercial Bank Corp Ltd is engaged in the provision of banking services. The company's operating segment includes Corporate banking; Retail banking; Treasury operations and Others. The bank offers loan business, deposits, certificates of deposits, and other related services. It generates maximum revenue from the Corporate banking segment. Geographically, the firm operates in Mainland China.

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