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GuruFocus has detected 3 Warning Signs with China Information Technology Inc \$CNIT.
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China Information Technology Inc (NAS:CNIT)
Total Equity
\$14.20 Mil (As of Jun. 2016)

China Information Technology Inc's total equity for the quarter that ended in Jun. 2016 was \$14.20 Mil.

Total equity is used to calculate book value per share. China Information Technology Inc's book value per share for the quarter that ended in Jun. 2016 was \$0.35. The ratio of a companys debt over equity can be used to measure how leveraged this company is. China Information Technology Inc's debt to equity ratio for the quarter that ended in Jun. 2016 was 0.46.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

China Information Technology Inc's Total Equity for the fiscal year that ended in Dec. 2015 is calculated as

 Total Equity = Total Assets(Q: Jun. 2016 ) - Total Liabilities(Q: Jun. 2016 ) = 66.092 - 45.407 = 20.69

China Information Technology Inc's Total Equity for the quarter that ended in Jun. 2016 is calculated as

 Total Equity = Total Assets(Q: Jun. 2016 ) - Total Liabilities(Q: Jun. 2016 ) = 43.549 - 29.35 = 14.20

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

China Information Technology Inc's Book Value Per Share for the quarter that ended in Jun. 2016 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (14.199 - 0) / 40.11 = 0.35

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

China Information Technology Inc's Debt to Equity Ratio for the quarter that ended in Jun. 2016 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (6.494 + 0) / 14.199 = 0.46

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

China Information Technology Inc Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Total Equity 1.65 74.01 107.69 152.54 207.07 230.87 142.68 37.35 19.51 20.69

China Information Technology Inc Semi-Annual Data

 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Total Equity 230.87 212.38 142.68 94.76 37.35 42.26 19.51 20.28 20.69 14.20
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