Chinaftower International Holding Group (HKSE:08623) Equity-to-Asset : 0.14 (As of Dec. 2023)

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What is Chinaftower International Holding Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Chinaftower International Holding Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$53.2 Mil. Chinaftower International Holding Group's Total Assets for the quarter that ended in Dec. 2023 was HK$392.5 Mil. Therefore, Chinaftower International Holding Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.14.

The historical rank and industry rank for Chinaftower International Holding Group's Equity-to-Asset or its related term are showing as below:

HKSE:08623' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.3 Max: 0.43
Current: 0.14

During the past 7 years, the highest Equity to Asset Ratio of Chinaftower International Holding Group was 0.43. The lowest was 0.14. And the median was 0.30.

HKSE:08623's Equity-to-Asset is ranked worse than
94.73% of 3034 companies
in the Industrial Products industry
Industry Median: 0.56 vs HKSE:08623: 0.14

Chinaftower International Holding Group Equity-to-Asset Historical Data

The historical data trend for Chinaftower International Holding 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.

* Premium members only.

Chinaftower International Holding Group Equity-to-Asset Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.33

0.43

0.28

0.29

0.14

Chinaftower International Holding Group Quarterly Data
	Dec18	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															0.29	-	0.29	-	0.14

Competitive Comparison of Chinaftower International Holding Group's Equity-to-Asset

For the Electrical Equipment & Parts subindustry, Chinaftower International Holding 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.

Chinaftower International Holding Group's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chinaftower International Holding Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Chinaftower International Holding Group's Equity-to-Asset falls into.

Chinaftower International Holding 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.

Chinaftower International Holding Group'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
	=	53.157	/	392.501
	=	0.14

Chinaftower International Holding Group'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
	=	53.157	/	392.501
	=	0.14

Chinaftower International Holding Group (HKSE:08623) 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%.

Chinaftower International Holding Group Equity-to-Asset Related Terms

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Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

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