360 DigiTech Long-Term Debt 2011-2026 | QFIN

Long-term debt is a financial obligation of a company or an individual with a repayment period exceeding one year from the date it arises. In accounting, such obligations are recorded under the "long-term liabilities" section.

Main characteristics:

Term exceeds 12 months
Can take the form of bonds, bank loans, credit lines, leasing, or loans from affiliated parties
Repaid through regular payments (interest and/or principal) over several years

Why long-term debt is needed:

Investment in development
Allows financing of large projects — new factories, production lines, innovative developments — without diverting working capital.
Smoothing of cash flows
A long-term payment schedule facilitates budget planning and reduces short-term financial risks.
Optimization of capital structure
A combination of equity and borrowed capital can reduce the average cost of business financing.

A high level of long-term debt may indicate that a company heavily relies on borrowed funds. This increases risks, especially in conditions of rising interest rates or declining profits. However, a moderate level of debt can signal a sound growth strategy — for example, the company takes a loan to expand its business.

If a company uses borrowed funds effectively (e.g., invests in profitable projects), this can lead to profit growth and, consequently, an increase in stock value. An investor evaluates whether the investments made using debt are paying off.

It is important to monitor whether the company can regularly pay interest and repay the principal. Payment difficulties can lead to reduced dividends, a drop in stock value, and even bankruptcy.

Examples of long-term debt:

Mortgage loans for property purchases
Corporate bonds issued by a company to raise capital
Project financing — long-term loans for building or expanding production facilities
Leasing obligations for equipment or transport

Quarterly Long-Term Debt 360 DigiTech

2024-Q4	2023-Q4	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	-	-	13.2 M	-	-	-	15 M	-	-	-	31.2 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in CNY currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
31.2 M	13.2 M	19.8 M

Long-Term Debt of other stocks in the Payment services industry

Issuer	Long-Term Debt	Price	% 24h	Market Cap	Country
Qiwi plc QIWI	4.92 B	-	-	-	Cyprus
Pintec Technology Holdings Limited PT	400 M	-	-	$ 671 M	China
Atlanticus Holdings Corporation ATLC	777 M	$ 52.08	6.44 %	$ 787 M	USA
Capital One Financial Corporation COF	49.9 B	$ 184.97	2.32 %	$ 100 B	USA
Discover Financial Services DFS	16.3 B	-	-0.21 %	$ 50.2 B	USA
Alliance Data Systems Corporation ADS	6.56 B	-	-1.74 %	$ 2.84 B	USA
EZCORP EZPW	518 M	$ 26.4	2.33 %	$ 1.52 B	USA
FirstCash FCFS	2.21 B	$ 192.62	2.13 %	$ 8.54 B	USA
Xiaobai Maimai Inc. HX	20 M	-	-10.24 %	$ 37.1 M	China
Dragon Victory International Limited LYL	66.9 K	-	-2.89 %	$ 13.5 M	China
Marlin Business Services Corp. MRLN	30.7 M	-	-0.17 %	$ 276 M	USA
Santander Consumer USA Holdings Inc. SC	41.1 B	-	1.44 %	$ 13 B	USA
CURO Group Holdings Corp. CURO	1.95 B	-	-6.4 %	$ 7.82 M	USA
ORIX Corporation IX	4.42 T	$ 30.69	0.99 %	$ 38 B	Japan
Federal Agricultural Mortgage Corporation AGM	19.5 B	$ 149.95	0.12 %	$ 1.64 B	USA
Senmiao Technology Limited AIHS	127 K	$ 1.66	3.11 %	$ 17.5 M	China
American Express Company AXP	56.4 B	$ 301.35	1.06 %	$ 209 B	USA
LexinFintech Holdings Ltd. LX	2.75 B	$ 2.63	0.96 %	$ 872 M	China
Mastercard Inc. MA	18.3 B	$ 509.94	0.28 %	$ 461 B	USA
Ally Financial ALLY	14.4 B	$ 37.07	3.09 %	$ 11.5 B	USA
Credit Acceptance Corporation CACC	4.54 B	$ 461.64	3.84 %	$ 5.29 B	USA
Goldman Sachs BDC, Inc. GSBD	770 M	$ 9.28	2.09 %	$ 375 M	USA
Navient Corporation NAVI	43.2 B	$ 8.12	-1.76 %	$ 885 M	USA
Barings BDC, Inc. BBDC	570 M	$ 8.28	1.97 %	$ 397 M	USA
Oaktree Specialty Lending Corporation OCSL	466 M	$ 11.12	3.11 %	$ 1.57 B	USA
LendingClub Corporation LC	19.4 M	$ 14.09	1.59 %	$ 1.61 B	USA
OneMain Holdings OMF	22.7 B	$ 50.76	3.05 %	$ 6.02 B	USA
MoneyGram International MGI	785 M	-	-	$ 1.07 B	USA
Consumer Portfolio Services CPSS	2.15 B	$ 8.24	3.26 %	$ 180 M	USA
PayPal Holdings PYPL	9.99 B	$ 46.39	2.14 %	$ 44.5 B	USA
Elevate Credit ELVT	505 M	-	-	$ 58.8 M	USA
Lufax Holding Ltd LU	27.9 B	$ 2.29	1.11 %	$ 1.55 T	China
Enova International ENVA	4.5 B	$ 137.69	2.69 %	$ 3.47 B	USA
Nelnet NNI	7.78 B	$ 129.26	0.2 %	$ 4.7 B	USA
Medallion Financial Corp. MFIN	216 M	$ 9.47	0.74 %	$ 216 M	USA
FlexShopper FPAY	1.32 M	-	2.7 %	$ 4.12 M	USA
Green Dot Corporation GDOT	1.6 M	$ 11.48	8.05 %	$ 633 M	USA
Oportun Financial Corporation OPRT	1.17 B	$ 4.51	3.8 %	$ 166 M	USA
Synchrony Financial SYF	15.2 B	$ 65.04	1.59 %	$ 24.1 B	USA
Upstart Holdings UPST	34 M	$ 27.75	-0.25 %	$ 2.66 B	USA
Visa V	20.2 B	$ 309.85	-0.13 %	$ 591 B	USA
World Acceptance Corporation WRLD	448 M	$ 139.55	4.69 %	$ 757 M	USA
Regional Management Corp. RM	1.64 B	$ 31.42	1.4 %	$ 296 M	USA
Qudian QD	924 M	-	-	$ 634 M	China