Haitong Securities Co (SHSE:600837) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is Haitong Securities 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. Haitong Securities Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

Haitong Securities Co's long-term debt to total assets ratio increased from Dec. 2022 (0.39) to Dec. 2023 (0.40). It may suggest that Haitong Securities Co is progressively becoming more dependent on debt to grow their business.

Haitong Securities Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Haitong Securities 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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Haitong Securities Co LT-Debt-to-Total-Asset Chart

Haitong Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.41

0.38

0.39

0.40

Haitong Securities Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.40	0.41	0.42	0.40

Haitong Securities Co LT-Debt-to-Total-Asset Calculation

Haitong Securities 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 )
	=	301936.088	/	754586.792
	=	0.40

Haitong Securities 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 )
	=	301936.088	/	754586.792
	=	0.40

Haitong Securities Co (SHSE:600837) 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.

Haitong Securities Co LT-Debt-to-Total-Asset Related Terms

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Haitong Securities Co (SHSE:600837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Haitong Securities Co Ltd (SHSE:600837) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

06837:Hong Kong

Address

No. 689 Guangdong Road, Haitong Securities Building, Shanghai, CHN, 200001

Website

https://www.htsec.com

Haitong Securities Co Ltd is engaged in the securities and futures brokerage business, which trades securities and futures for customers such as individuals, enterprises, and financial institutions; investment banking businesses. It operates in Wealth Management; Investment Banking; Asset Management; Trading and Institution; Finance Lease; and other segments. The Wealth Management Segment derives the majority of revenue and engages in the provision of a full range of financial services and investment solutions to retail and high-net-worth clients. Services provided include brokering and dealing in securities and futures, investment consulting, wealth management as well as financial services such as margin financing, security lending, and stock pledge.

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