Bank Of China (STU:W8V) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is 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. Bank Of China's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Bank Of China's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.07). It may suggest that Bank Of China is progressively becoming more dependent on debt to grow their business.

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

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

Bank Of China Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

Dec21

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Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.07

Bank Of China 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															0.06	0.07	0.07	0.07	0.07

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

Bank Of China'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 )
	=	283764.637	/	4165190.922
	=	0.07

Bank Of China'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 )
	=	315417.359	/	4338066.448
	=	0.07

Bank Of China (STU:W8V) 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.

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

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Bank Of China Business Description

Industry

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Traded in Other Exchanges

BACHY:USA BACHF:USA 3980:Mexico 03988:Hong Kong 601988:China BOCN:Austria

Address

No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818

Website

https://www.boc.cn

Bank of China was founded in 1912 with its headquarters in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across Greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%. BOC has the most extensive global reach among Chinese banks, with operations in 64 countries and regions.

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