Industrial And Commercial Bank Of China (STU:ICK) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Industrial And Commercial Bank Of China 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. Industrial And Commercial Bank Of China's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Industrial And Commercial Bank Of China's long-term debt to total assets ratio increased from Dec. 2023 (0.04) to Dec. 2024 (0.05). It may suggest that Industrial And Commercial Bank Of China is progressively becoming more dependent on debt to grow their business.

Industrial And Commercial Bank Of China LT-Debt-to-Total-Asset Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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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Industrial And Commercial Bank Of China LT-Debt-to-Total-Asset Chart

Industrial And Commercial Bank Of China Annual Data

Trend

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Dec24

LT-Debt-to-Total-Asset

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0.04

0.05

Industrial And Commercial Bank Of China 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															0.04	0.04	0.05	0.05	0.05

Industrial And Commercial Bank Of China LT-Debt-to-Total-Asset Calculation

Industrial And Commercial Bank Of China'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 )
	=	340927.143	/	6403885.262
	=	0.05

Industrial And Commercial Bank Of China'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 )
	=	340927.143	/	6403885.262
	=	0.05

Industrial And Commercial Bank Of China (STU:ICK) 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.

Industrial And Commercial Bank Of China LT-Debt-to-Total-Asset Related Terms

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Industrial And Commercial Bank Of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (STU:ICK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IDCBY:USA IDCBF:USA 01398:Hong Kong ICK:Germany 601398:China

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

https://www.icbc-ltd.com

Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively, and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.

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