Jiangsu Financial Leasing Co (SHSE:600901) LT-Debt-to-Total-Asset : 0.76 (As of Sep. 2024)

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What is Jiangsu Financial Leasing 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. Jiangsu Financial Leasing Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.76.

Jiangsu Financial Leasing Co's long-term debt to total assets ratio declined from Sep. 2023 (0.78) to Sep. 2024 (0.76). It may suggest that Jiangsu Financial Leasing Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Financial Leasing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Financial Leasing 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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Jiangsu Financial Leasing Co LT-Debt-to-Total-Asset Chart

Jiangsu Financial Leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.66

0.68

0.76

0.78

0.79

Jiangsu Financial Leasing Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.78	0.79	0.80	0.81	0.76

Jiangsu Financial Leasing Co LT-Debt-to-Total-Asset Calculation

Jiangsu Financial Leasing 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 )
	=	94568.872	/	119920.056
	=	0.79

Jiangsu Financial Leasing Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	102198.774	/	134520.879
	=	0.76

Jiangsu Financial Leasing Co (SHSE:600901) 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.

Jiangsu Financial Leasing Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Financial Leasing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Jiangsu Financial Leasing Co Ltd (SHSE:600901) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 128 Shanxi Road, Floor 26th and 27th, Nanjing, CHN, 210009

Website

http://www.jsleasing.cn

Jiangsu Financial Leasing Co Ltd is a China-based non-bank financial institution provides financial leasing services.

Executives

Xiong Xian Gen	Directors, senior managers
Zheng Yin Sheng	senior management
Jiang Yong	Directors, senior managers
Han Lei	Director
Zhou Bai Qing	Directors, senior managers
Zhu Qiang	senior management
Zhang Chun Biao	senior management
Zhang Yi Qin	Supervisors
Wu Yun	senior management
Liu Ming	senior management

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