Bank of Suzhou Co (SZSE:002966) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Bank of Suzhou 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. Bank of Suzhou Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Bank of Suzhou Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.18). It may suggest that Bank of Suzhou Co is progressively becoming less dependent on debt to grow their business.

Bank of Suzhou Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of Suzhou 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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Bank of Suzhou Co LT-Debt-to-Total-Asset Chart

Bank of Suzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.21

0.22

0.21

Bank of Suzhou Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.19	0.19	0.21	0.18

Bank of Suzhou Co LT-Debt-to-Total-Asset Calculation

Bank of Suzhou 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 )
	=	124884.16	/	601841.456
	=	0.21

Bank of Suzhou Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	118173.986	/	648200.508
	=	0.18

Bank of Suzhou Co (SZSE:002966) 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 Suzhou Co LT-Debt-to-Total-Asset Related Terms

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Bank of Suzhou Co (SZSE:002966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Suzhou Co Ltd (SZSE:002966) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

728 Zhongyuan Road, Jiangsu Province, Suzhou City, CHN, 215128

Website

http://www.suzhoubank.com

Bank of Suzhou Co Ltd operates as a bank. The company offers commercial banking services which includes checking account services, makes various loans, and offers basic financial products like certificates of deposit and savings accounts to individuals and small businesses.

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