Lygend Resources & Technology Co (HKSE:02245) Equity-to-Asset : 0.30 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Lygend Resources & Technology Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lygend Resources & Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$10,047 Mil. Lygend Resources & Technology Co's Total Assets for the quarter that ended in Dec. 2023 was HK$33,557 Mil. Therefore, Lygend Resources & Technology Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.30.

The historical rank and industry rank for Lygend Resources & Technology Co's Equity-to-Asset or its related term are showing as below:

HKSE:02245' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.3 Max: 0.41
Current: 0.3

During the past 5 years, the highest Equity to Asset Ratio of Lygend Resources & Technology Co was 0.41. The lowest was 0.26. And the median was 0.30.

HKSE:02245's Equity-to-Asset is ranked worse than
81.97% of 2707 companies
in the Metals & Mining industry
Industry Median: 0.8 vs HKSE:02245: 0.30

Lygend Resources & Technology Co Equity-to-Asset Historical Data

The historical data trend for Lygend Resources & Technology Co'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.

Lygend Resources & Technology Co Equity-to-Asset Chart

Lygend Resources & Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.26

0.36

0.26

0.41

0.30

Lygend Resources & Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.26	0.27	0.41	0.31	0.30

Competitive Comparison of Lygend Resources & Technology Co's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Lygend Resources & Technology Co'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.

Lygend Resources & Technology Co's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lygend Resources & Technology Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Lygend Resources & Technology Co's Equity-to-Asset falls into.

Lygend Resources & Technology Co 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.

Lygend Resources & Technology Co'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
	=	10046.956	/	33556.817
	=	0.30

Lygend Resources & Technology Co'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
	=	10046.956	/	33556.817
	=	0.30

Lygend Resources & Technology Co (HKSE:02245) 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%.

Lygend Resources & Technology Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Lygend Resources & Technology Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000

Website

https://www.lygend.com

Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

Lygend Resources & Technology Co (HKSE:02245) Headlines

No Headlines