Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Modern Dental Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,632 Mil. Modern Dental Group's Total Assets for the quarter that ended in Dec. 2023 was HK$3,953 Mil.
Therefore, Modern Dental Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.67.
The historical rank and industry rank for Modern Dental Group's Equity-to-Asset or its related term are showing as below:
HKSE:03600'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.65 Max: 0.67
Current: 0.67
During the past 10 years, the highest Equity to Asset Ratio of Modern Dental Group was 0.67. The lowest was 0.33. And the median was 0.65.
HKSE:03600's Equity-to-Asset is ranked better than 54.67% of 867
companies
in the Medical Devices & Instruments industry
Industry Median: 0.64
vs HKSE:03600: 0.67
Modern Dental Group Equity-to-Asset Historical Data
The historical data trend for Modern Dental 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 Modern Dental Group's Equity-to-Asset
For the Medical Instruments & Supplies subindustry, Modern Dental 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.
Modern Dental Group's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Modern Dental Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Modern Dental Group's Equity-to-Asset falls into.
Modern Dental 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.
Modern Dental 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.
Modern Dental Group (HKSE:03600) 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%.
Modern Dental Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Modern Dental Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Modern Dental Group (HKSE:03600) Business Description
Modern Dental Group Ltd, along with its subsidiaries, is engaged in providing dental prosthetic devices. Its product portfolio is categorized into three segments, Fixed prosthetic devices such as crowns and bridges; Removable prosthetic devices such as removable dentures; and Other devices such as orthodontic devices, sports guards, and anti-snoring devices, raw materials, dental equipment, and services of educational events and seminars rendered. It generates a majority of the revenue from the sale of the Fixed prosthetic devices segment. Its geographical segments are Europe, North America, Australia, Greater China, and other countries.
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