Nanhua Futures Co (SHSE:603093) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Nanhua Futures 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. Nanhua Futures Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Nanhua Futures Co's long-term debt to total assets ratio declined from Sep. 2023 (0.05) to Sep. 2024 (0.02). It may suggest that Nanhua Futures Co is progressively becoming less dependent on debt to grow their business.

Nanhua Futures Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanhua Futures 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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Nanhua Futures Co LT-Debt-to-Total-Asset Chart

Nanhua Futures Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.04

0.03

0.04

0.03

Nanhua Futures 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															0.05	0.03	0.03	0.03	0.02

Nanhua Futures Co LT-Debt-to-Total-Asset Calculation

Nanhua Futures 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 )
	=	1135.4	/	36325.522
	=	0.03

Nanhua Futures 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 )
	=	941.132	/	45640.007
	=	0.02

Nanhua Futures Co (SHSE:603093) 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.

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Nanhua Futures Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nanhua Futures Co Ltd (SHSE:603093) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 193, Xihu Avenue, 2nd and 3rd floor, Zhejiang, Hangzhou, CHN, 310002

Website

https://www.nanhua.net

Nanhua Futures Co Ltd is a China based company engaged in the various financial activities. It is mainly engaged in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management business, securities investment fund sales agency business, and is a global financial derivatives service platform.

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