Weihai City Commercial Bank Co (HKSE:09677) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Weihai City Commercial 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. Weihai City Commercial Bank Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Weihai City Commercial Bank Co's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.10). It may suggest that Weihai City Commercial Bank Co is progressively becoming less dependent on debt to grow their business.

Weihai City Commercial Bank Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Weihai City Commercial 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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Weihai City Commercial Bank Co LT-Debt-to-Total-Asset Chart

Weihai City Commercial Bank Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

0.11

0.10

Weihai City Commercial Bank Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.11	0.09	0.10	0.09	0.10

Weihai City Commercial Bank Co LT-Debt-to-Total-Asset Calculation

Weihai City Commercial 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 )
	=	41340.509	/	428626.598
	=	0.10

Weihai City Commercial 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 )
	=	41340.509	/	428626.598
	=	0.10

Weihai City Commercial Bank Co (HKSE:09677) 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.

Weihai City Commercial Bank Co LT-Debt-to-Total-Asset Related Terms

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Weihai City Commercial Bank Co (HKSE:09677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Weihai City Commercial Bank Co Ltd (HKSE:09677) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 9 Baoquan Road, Finance Building, Shandong Province, Weihai, CHN, 264200

Website

https://www.whccb.com

Weihai City Commercial Bank Co Ltd offers banking services. The group's principal businesses include corporate banking, retail banking, financial market business, and others. It generates maximum revenue from the corporate banking segment. The Corporate banking segment represents the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services, guarantee services, and finance leasing services.

Executives

Teda Investment Holding Co., Ltd.	2101 Beneficial owner
Jin Lian Ji Tuan You Xian Gong Si	2101 Beneficial owner
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Trafigura Pte Ltd	2101 Beneficial owner
Global Miles International Holdings Limited	2101 Beneficial owner
He Ze Cheng Tou Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Heze City Investment Holdings Hong Kong International Co.,limited	2101 Beneficial owner
Liu Zhiming	2201 Interest of corporation controlled by you
Shan Dong Tong Da Jin Rong Zu Lin You Xian Gong Si	2106 Person having a security interest in shares
Shan Dong Zhao Jin Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Jin Kuang Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shan Dong Zhao Jin Ji Tuan Cai Wu You Xian Gong Si	2101 Beneficial owner
China Hongqiao Group Limited	2101 Beneficial owner
Ji Nan Li Cheng Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner

Weihai City Commercial Bank Co (HKSE:09677) Headlines

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