Changzhou Evergreen Technology Co (SZSE:001324) Equity-to-Asset : 0.83 (As of Mar. 2024)

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What is Changzhou Evergreen Technology Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Changzhou Evergreen Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,076.9 Mil. Changzhou Evergreen Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,295.3 Mil. Therefore, Changzhou Evergreen Technology Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.83.

The historical rank and industry rank for Changzhou Evergreen Technology Co's Equity-to-Asset or its related term are showing as below:

SZSE:001324' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.54 Med: 0.65 Max: 0.83
Current: 0.83

During the past 6 years, the highest Equity to Asset Ratio of Changzhou Evergreen Technology Co was 0.83. The lowest was 0.54. And the median was 0.65.

SZSE:001324's Equity-to-Asset is ranked better than
93.98% of 980 companies
in the Transportation industry
Industry Median: 0.49 vs SZSE:001324: 0.83

Changzhou Evergreen Technology Co Equity-to-Asset Historical Data

The historical data trend for Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology Co Equity-to-Asset Chart

Changzhou Evergreen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.55

0.54

0.65

0.64

0.80

Changzhou Evergreen Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial									0.67	0.80	0.81	0.80	0.83

Competitive Comparison of Changzhou Evergreen Technology Co's Equity-to-Asset

For the Railroads subindustry, Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology Co's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Changzhou Evergreen Technology Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Changzhou Evergreen Technology Co's Equity-to-Asset falls into.

Changzhou Evergreen Technology 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.

Changzhou Evergreen Technology 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
	=	1086.951	/	1354.732
	=	0.80

Changzhou Evergreen Technology 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
	=	1076.926	/	1295.257
	=	0.83

Changzhou Evergreen Technology Co (SZSE:001324) 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%.

Changzhou Evergreen Technology Co Equity-to-Asset Related Terms

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Changzhou Evergreen Technology Co (SZSE:001324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changzhou Evergreen Technology Co Ltd (SZSE:001324) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300, Hehai West Road, Xinbei District, Jiangsu, Changzhou, CHN, 213125

Website

https://www.cetrail.com

Changzhou Evergreen Technology Co Ltd is a high-tech enterprise based on the development and application of sandwich composite materials, mainly providing supporting products and integrated solutions for the interior decoration of rail transit vehicles and building interior and exterior decoration. The company has participated in the formulation of many national and industry standards such as aluminum honeycomb panels and stone honeycomb panels, creating Many industry-leading application cases are the leading enterprises in the development and industrial application of sandwich composite materials in China.

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