Bank of Zhengzhou Co (HKSE:06196) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Bank of Zhengzhou 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. Bank of Zhengzhou Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Bank of Zhengzhou Co's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.16). It may suggest that Bank of Zhengzhou Co is progressively becoming less dependent on debt to grow their business.

Bank of Zhengzhou Co LT-Debt-to-Total-Asset Historical Data

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

Bank of Zhengzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.17

0.16

Bank of Zhengzhou Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.16	0.16	0.16	-

Bank of Zhengzhou Co LT-Debt-to-Total-Asset Calculation

Bank of Zhengzhou 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 )
	=	111906.966	/	689856.656
	=	0.16

Bank of Zhengzhou Co'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 )
	=	114211.188	/	695102.998
	=	0.16

Bank of Zhengzhou Co (HKSE:06196) 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.

Bank of Zhengzhou Co LT-Debt-to-Total-Asset Related Terms

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Bank of Zhengzhou Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Zhengzhou Co Ltd (HKSE:06196) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

002936:China

Address

No. 22 Shangwu waihuan Road, Zhengdong New District, Henan Province, Zhengzhou, CHN, 450046

Website

https://www.zzbank.cn

Bank of Zhengzhou Co Ltd lays emphasis on commercial banking operations in China. The bank functions through the corporate, retail and treasury banking divisions. The corporate banking segment is the majority revenue generating segment for the company with a range of financial products and services tailor-made for corporations, government agencies and financial institutions. The retail banking segment provides similar services to individual customers and the treasury operations comprise of including interbank money market transactions, repurchases transactions and investments.

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