Tang Palace (China) Holdings (HKSE:01181) Equity-to-Asset : 0.30 (As of Dec. 2023)

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What is Tang Palace (China) Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tang Palace (China) Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$262 Mil. Tang Palace (China) Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$881 Mil. Therefore, Tang Palace (China) Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.30.

The historical rank and industry rank for Tang Palace (China) Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:01181' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.48 Max: 0.68
Current: 0.3

During the past 13 years, the highest Equity to Asset Ratio of Tang Palace (China) Holdings was 0.68. The lowest was 0.30. And the median was 0.48.

HKSE:01181's Equity-to-Asset is ranked worse than
59.89% of 349 companies
in the Restaurants industry
Industry Median: 0.37 vs HKSE:01181: 0.30

Tang Palace (China) Holdings Equity-to-Asset Historical Data

The historical data trend for Tang Palace (China) Holdings'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.

* Premium members only.

Tang Palace (China) Holdings Equity-to-Asset Chart

Tang Palace (China) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.37

0.39

0.40

0.33

0.30

Tang Palace (China) Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.40	0.36	0.33	0.38	0.30

Competitive Comparison of Tang Palace (China) Holdings's Equity-to-Asset

For the Restaurants subindustry, Tang Palace (China) Holdings'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.

Tang Palace (China) Holdings's Equity-to-Asset Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tang Palace (China) Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tang Palace (China) Holdings's Equity-to-Asset falls into.

Tang Palace (China) Holdings 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.

Tang Palace (China) Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	262.052	/	881.298
	=	0.30

Tang Palace (China) Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	262.052	/	881.298
	=	0.30

Tang Palace (China) Holdings (HKSE:01181) 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%.

Tang Palace (China) Holdings Equity-to-Asset Related Terms

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Tang Palace (China) Holdings (HKSE:01181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

TNGPF:USA

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauce, food ingredient, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. Majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich, brands.

Tang Palace (China) Holdings (HKSE:01181) Headlines

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