Postalvings Bank Of China Co (SHSE:601658) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Postalvings Bank Of China 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. Postalvings Bank Of China Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Postalvings Bank Of China Co's long-term debt to total assets ratio declined from Jun. 2023 (0.02) to Jun. 2024 (0.01). It may suggest that Postalvings Bank Of China Co is progressively becoming less dependent on debt to grow their business.

Postalvings Bank Of China Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Postalvings Bank Of China 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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Postalvings Bank Of China Co LT-Debt-to-Total-Asset Chart

Postalvings Bank Of China Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Postalvings Bank Of China Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.01	0.01	-

Postalvings Bank Of China Co LT-Debt-to-Total-Asset Calculation

Postalvings Bank Of China 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 )
	=	270406	/	15726631
	=	0.02

Postalvings Bank Of China 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 )
	=	141939	/	16413529
	=	0.01

Postalvings Bank Of China Co (SHSE:601658) 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.

Postalvings Bank Of China Co LT-Debt-to-Total-Asset Related Terms

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Postalvings Bank Of China Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Postal Savings Bank Of China Co Ltd (SHSE:601658) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

PSBKF:USA PSTVY:USA 01658:Hong Kong 3YB:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wan Chai, Hong Kong, HKG

Website

https://www.psbc.com

Postal Savings Bank of China is headquartered in Beijing. The bank is the fifth-largest commercial bank in China by deposits and the sixth largest by assets. The bank was established in 2007 as the postal savings and remittance business of its parent, China Post Group. The bank completed its joint-stock reform in 2012. The bank got listed on Hong Kong and Shanghai stock exchanges in 2016 and 2019 respectively. It boasts over 600 million individual customers and more than 39,000 outlets, which are among the largest customer bases and distribution networks in China.

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