Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Glass Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,661 Mil. China Glass Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$16,363 Mil.
Therefore, China Glass Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.10.
The historical rank and industry rank for China Glass Holdings's Equity-to-Asset or its related term are showing as below:
HKSE:03300'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.29 Max: 0.38
Current: 0.1
During the past 13 years, the highest Equity to Asset Ratio of China Glass Holdings was 0.38. The lowest was 0.10. And the median was 0.29.
HKSE:03300's Equity-to-Asset is ranked worse than 95.42% of 393
companies
in the Building Materials industry
Industry Median: 0.54
vs HKSE:03300: 0.10
China Glass Holdings Equity-to-Asset Historical Data
The historical data trend for China Glass 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.
Competitive Comparison of China Glass Holdings's Equity-to-Asset
For the Building Materials subindustry, China Glass 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.
China Glass Holdings's Equity-to-Asset Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, China Glass Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China Glass Holdings's Equity-to-Asset falls into.
China Glass 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.
China Glass Holdings'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.
China Glass Holdings (HKSE:03300) 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%.
China Glass Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of China Glass Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Glass Holdings (HKSE:03300) Business Description
China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:03300 has been successfully added to your 