China Merchants Securities Asset Management Co.,Ltd (SHSE:600999) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2024)

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What is China Merchants Securities Asset Management Co.,Ltd 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. China Merchants Securities Asset Management Co.,Ltd's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.27.

China Merchants Securities Asset Management Co.,Ltd's long-term debt to total assets ratio declined from Dec. 2023 (0.31) to Dec. 2024 (0.27). It may suggest that China Merchants Securities Asset Management Co.,Ltd is progressively becoming less dependent on debt to grow their business.

China Merchants Securities Asset Management Co.,Ltd LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Merchants Securities Asset Management Co.,Ltd'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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China Merchants Securities Asset Management Co.,Ltd LT-Debt-to-Total-Asset Chart

China Merchants Securities Asset Management Co.,Ltd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.29

0.31

0.30

0.31

0.27

China Merchants Securities Asset Management Co.,Ltd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.27	0.27	0.23	0.27

China Merchants Securities Asset Management Co.,Ltd LT-Debt-to-Total-Asset Calculation

China Merchants Securities Asset Management Co.,Ltd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	196542.04	/	721160.331
	=	0.27

China Merchants Securities Asset Management Co.,Ltd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	196542.04	/	721160.331
	=	0.27

China Merchants Securities Asset Management Co.,Ltd (SHSE:600999) 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.

China Merchants Securities Asset Management Co.,Ltd LT-Debt-to-Total-Asset Related Terms

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China Merchants Securities Asset Management Co.,Ltd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Merchants Securities Asset Management Co.,Ltd (SHSE:600999) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

06099:Hong Kong 195H:Germany

Address

No. 111, Fuhua First Road, Futian Street, Futian District, Guangdong Province, Shenzhen, CHN, 518046

Website

https://www.cmschina.com

China Merchants Securities Asset Management Co.,Ltd formerly China Merchants Securities Co Ltd is a financial service provider. The company provides services like, investment banking, financial advisory, equity underwriting, assets management, investment advisory, and trading equity securities among others. Its business is divided into four segments: Wealth management and institutional business; Investment banking; Investment management; and Investment and trading. The Wealth management and institutional business segment which generates key revenue engages in the trading of stocks and futures contracts on behalf of clients and includes margin financing, securities lending, and selling financial and other wealth management products.

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