The Shanghai Commercial andvings Bank (TPE:5876) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is The Shanghai Commercial andvings Bank 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. The Shanghai Commercial andvings Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

The Shanghai Commercial andvings Bank's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.03). It may suggest that The Shanghai Commercial andvings Bank is progressively becoming less dependent on debt to grow their business.

The Shanghai Commercial andvings Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Shanghai Commercial andvings Bank'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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The Shanghai Commercial andvings Bank LT-Debt-to-Total-Asset Chart

The Shanghai Commercial andvings Bank Annual Data

Trend

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.03

The Shanghai Commercial andvings Bank 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															0.03	0.03	0.03	0.02	0.03

The Shanghai Commercial andvings Bank LT-Debt-to-Total-Asset Calculation

The Shanghai Commercial andvings Bank'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 )
	=	61470.446	/	2496062.911
	=	0.02

The Shanghai Commercial andvings Bank'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 )
	=	61470.446	/	2496062.911
	=	0.02

The Shanghai Commercial andvings Bank (TPE:5876) 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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The Shanghai Commercial andvings Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Shanghai Commercial and Savings Bank (TPE:5876) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 149, Min Sheng East Road, Section 2, 3rd to 12th Floors, Zhongshan District, Taipei, TWN

Website

https://www.scsb.com.tw

The Shanghai Commercial and Savings Bank provides commercial banking businesses. The company's objective is to serve society, to support industry, and to promote international trade. Its products include current accounts, savings accounts, term deposits, recurring deposits, online banking, loans and overdraft facilities, foreign exchange, and securities trading. Its geographical segment includes Taiwan, Hong Kong, and others.

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