Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Equity-to-Asset : -0.63 (As of Dec. 2023)

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What is Shanxi Changcheng Microlight Equipment Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shanxi Changcheng Microlight Equipment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-118.34 Mil. Shanxi Changcheng Microlight Equipment Co's Total Assets for the quarter that ended in Dec. 2023 was HK$187.77 Mil. Therefore, Shanxi Changcheng Microlight Equipment Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.63.

The historical rank and industry rank for Shanxi Changcheng Microlight Equipment Co's Equity-to-Asset or its related term are showing as below:

HKSE:08286' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.71 Med: -0.27 Max: 0.47
Current: -0.63

During the past 13 years, the highest Equity to Asset Ratio of Shanxi Changcheng Microlight Equipment Co was 0.47. The lowest was -0.71. And the median was -0.27.

HKSE:08286's Equity-to-Asset is ranked worse than
98.19% of 2488 companies
in the Hardware industry
Industry Median: 0.57 vs HKSE:08286: -0.63

Shanxi Changcheng Microlight Equipment Co Equity-to-Asset Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment 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.

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Shanxi Changcheng Microlight Equipment Co Equity-to-Asset Chart

Shanxi Changcheng Microlight Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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-0.28

-0.43

-0.71

-0.65

-0.63

Shanxi Changcheng Microlight Equipment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															-0.65	-	-0.60	-	-0.63

Competitive Comparison of Shanxi Changcheng Microlight Equipment Co's Equity-to-Asset

For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment 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.

Shanxi Changcheng Microlight Equipment Co's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanxi Changcheng Microlight Equipment Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Shanxi Changcheng Microlight Equipment Co's Equity-to-Asset falls into.

Shanxi Changcheng Microlight Equipment 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.

Shanxi Changcheng Microlight Equipment 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
	=	-118.336	/	187.769
	=	-0.63

Shanxi Changcheng Microlight Equipment 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
	=	-118.336	/	187.769
	=	-0.63

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) 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%.

Shanxi Changcheng Microlight Equipment Co Equity-to-Asset Related Terms

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanxi Changcheng Microlight Equipment Co Ltd (HKSE:08286) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN

Website

http://www.sxccoe.com

Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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