Vanov Holdings Co (HKSE:02260) Equity-to-Asset : 0.49 (As of Dec. 2023)

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What is Vanov Holdings Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vanov Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$443.7 Mil. Vanov Holdings Co's Total Assets for the quarter that ended in Dec. 2023 was HK$900.2 Mil. Therefore, Vanov Holdings Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.49.

The historical rank and industry rank for Vanov Holdings Co's Equity-to-Asset or its related term are showing as below:

HKSE:02260' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.49 Max: 0.56
Current: 0.49

During the past 6 years, the highest Equity to Asset Ratio of Vanov Holdings Co was 0.56. The lowest was 0.30. And the median was 0.49.

HKSE:02260's Equity-to-Asset is ranked worse than
57.97% of 295 companies
in the Forest Products industry
Industry Median: 0.55 vs HKSE:02260: 0.49

Vanov Holdings Co Equity-to-Asset Historical Data

The historical data trend for Vanov Holdings 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.

Vanov Holdings Co Equity-to-Asset Chart

Vanov Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.42

0.48

0.51

0.56

0.49

Vanov Holdings Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					0.51	0.59	0.56	0.50	0.49

Competitive Comparison of Vanov Holdings Co's Equity-to-Asset

For the Paper & Paper Products subindustry, Vanov Holdings 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.

Vanov Holdings Co's Equity-to-Asset Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanov Holdings Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Vanov Holdings Co's Equity-to-Asset falls into.

Vanov Holdings 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.

Vanov Holdings 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
	=	443.698	/	900.242
	=	0.49

Vanov Holdings 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
	=	443.698	/	900.242
	=	0.49

Vanov Holdings Co (HKSE:02260) 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%.

Vanov Holdings Co Equity-to-Asset Related Terms

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

Vanov Holdings Co (HKSE:02260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanov Holdings Co Ltd (HKSE:02260) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

No. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN

Website

http://www.canov.cn

Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture and sales of papermaking felts. The company has its variety of products which includes Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, Pulp papermaking felts. The company generates majority of its revenue from The PRC region.

Vanov Holdings Co (HKSE:02260) Headlines

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