China Reinsurance (Group) (STU:C53) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is China Reinsurance (Group) 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 Reinsurance (Group)'s long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

China Reinsurance (Group)'s long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Jun. 2024 (0.03). It may suggest that China Reinsurance (Group) is progressively becoming less dependent on debt to grow their business.

China Reinsurance (Group) LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Reinsurance (Group)'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 Reinsurance (Group) LT-Debt-to-Total-Asset Chart

China Reinsurance (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.04

0.03

China Reinsurance (Group) Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.05	0.03	0.03

China Reinsurance (Group) LT-Debt-to-Total-Asset Calculation

China Reinsurance (Group)'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 )
	=	1981.804	/	59041.791
	=	0.03

China Reinsurance (Group)'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 )
	=	1978.511	/	60757.605
	=	0.03

China Reinsurance (Group) (STU:C53) 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 Reinsurance (Group) LT-Debt-to-Total-Asset Related Terms

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China Reinsurance (Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Reinsurance (Group) Corp (STU:C53) » Definitions » LT-Debt-to-Total-Asset

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01508:Hong Kong

Address

No 11, Jinrong Avenue, Xicheng District, Beijing, CHN, 100033

Website

https://www.chinare.com.cn

China Reinsurance (Group) Corp is a Chinese company that is engaged in the reinsurance business. It provides various products and services including reinsurance, direct insurance, asset management, insurance brokerage, and insurance media service. The company offers a variety of reinsurance products for various property and casualty insurance, such as motor, property, agricultural, liability insurance, life, health, accident insurance, and asset management services. It operates through the following business segments: Property and casualty reinsurance, Life and health reinsurance, Primary property and casualty insurance, Asset Management, and Others.

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