Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Honghua Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,702 Mil. Honghua Group's Total Assets for the quarter that ended in Dec. 2023 was HK$13,694 Mil.
Therefore, Honghua Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.27.
The historical rank and industry rank for Honghua Group's Equity-to-Asset or its related term are showing as below:
HKSE:00196'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.35 Max: 0.4
Current: 0.27
During the past 13 years, the highest Equity to Asset Ratio of Honghua Group was 0.40. The lowest was 0.24. And the median was 0.35.
HKSE:00196's Equity-to-Asset is ranked worse than 76.67% of 1093
companies
in the Oil & Gas industry
Industry Median: 0.5
vs HKSE:00196: 0.27
Honghua Group Equity-to-Asset Historical Data
The historical data trend for Honghua Group's Equity-to-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.
Competitive Comparison of Honghua Group's Equity-to-Asset
For the Oil & Gas Equipment & Services subindustry, Honghua Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Honghua Group's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Honghua Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Honghua Group's Equity-to-Asset falls into.
Honghua Group Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Honghua Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Honghua Group (HKSE:00196) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Honghua Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Honghua Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East, and Africa, of which prime revenue is derived from the PRC.
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