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Arctech Solar Holding Co (SHSE:688408) Equity-to-Asset : 0.38 (As of Mar. 2024)


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What is Arctech Solar Holding Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Arctech Solar Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,941 Mil. Arctech Solar Holding Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,693 Mil. Therefore, Arctech Solar Holding Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.38.

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

SHSE:688408' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33   Med: 0.45   Max: 0.58
Current: 0.38

During the past 8 years, the highest Equity to Asset Ratio of Arctech Solar Holding Co was 0.58. The lowest was 0.33. And the median was 0.45.

SHSE:688408's Equity-to-Asset is ranked worse than
81.04% of 1002 companies
in the Semiconductors industry
Industry Median: 0.63 vs SHSE:688408: 0.38

Arctech Solar Holding Co Equity-to-Asset Historical Data

The historical data trend for Arctech Solar Holding 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.

Arctech Solar Holding Co Equity-to-Asset Chart

Arctech Solar Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.36 0.53 0.47 0.45 0.34

Arctech Solar Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.40 0.39 0.34 0.38

Competitive Comparison of Arctech Solar Holding Co's Equity-to-Asset

For the Solar subindustry, Arctech Solar Holding 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.


Arctech Solar Holding Co's Equity-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Arctech Solar Holding Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Arctech Solar Holding Co's Equity-to-Asset falls into.



Arctech Solar Holding 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.

Arctech Solar Holding 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
=2802.44/8165.399
=0.34

Arctech Solar Holding Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=2941.321/7693.004
=0.38

* 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.


Arctech Solar Holding Co  (SHSE:688408) 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%.


Arctech Solar Holding Co Equity-to-Asset Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Traded in Other Exchanges
N/A
Address
2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331
Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

Arctech Solar Holding Co (SHSE:688408) Headlines

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