SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'equity2asset' CAAS (China Automotive Systems) Equity-to-Asset
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (NAS:CAAS) » Definitions » Equity-to-Asset
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China Automotive Systems (China Automotive Systems) Equity-to-Asset

: 0.45 (As of Dec. 2023)
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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Automotive Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $344.5 Mil. China Automotive Systems's Total Assets for the quarter that ended in Dec. 2023 was $766.4 Mil. Therefore, China Automotive Systems's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.45.

The historical rank and industry rank for China Automotive Systems's Equity-to-Asset or its related term are showing as below:

CAAS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41   Med: 0.44   Max: 0.49
Current: 0.45

During the past 13 years, the highest Equity to Asset Ratio of China Automotive Systems was 0.49. The lowest was 0.41. And the median was 0.44.

CAAS's Equity-to-Asset is ranked worse than
52.33% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs CAAS: 0.45

China Automotive Systems Equity-to-Asset Historical Data

The historical data trend for China Automotive Systems'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.

China Automotive Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.43 0.45 0.44 0.45

China Automotive Systems 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 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 0.44 0.44 0.46 0.46 0.45
Competitive Comparison

For the Auto Parts subindustry, China Automotive Systems'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.

China Automotive Systems Equity-to-Asset Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Automotive Systems's Equity-to-Asset falls into.


China Automotive Systems 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.

China Automotive Systems'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
=344.464/766.44
=0.45

China Automotive Systems'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
=344.464/766.44
=0.45

* 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.

China Automotive Systems  (NAS:CAAS) 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%.

China Automotive Systems Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of China Automotive Systems's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

China Automotive Systems (China Automotive Systems) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (NAS:CAAS) » Definitions » Equity-to-Asset
Comparable Companies
STRT SUP MPAA HYZN NCNC SYPR KNDI CREV SCTH WKSP TSE:7315 TSE:6902 TSE:5108 XPAR:ML MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
RYV:Germany
Address
No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000
Website
http://www.caasauto.com
China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.
Executives
Jie Li officer: Chief Financial Officer HENGLONG BLDG., # 1 GUANSHAN 1ST ROAD, EAST LAKE HI-TECH ZONE, WUHAN F4 430073
Tong Kooi Teo director 08-05 GOODWOOD RESIDENCE, 261 BUKIT TIMAH ROAD, SINGAPORE U0 259703
Stanley Morgan other: See Remarks Below 1585 BROADWAY, NEW YORK NY 10036
Wong Arthur Lap Tat director C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Wu Qizhou director, officer: COO
Tse Yiu Wong director 4TH FL BLDG E NO 501, JEN GANG RD, SHANGHAI CHINA F4 9999999
Shengbin Yu officer: Senior Vice President HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Liping Xie other: Wife of Chairman
Haimian Cai director 3170 OTTER CREEK COURT, ANN ARBOR MI 48105
Hanlin Chen director, 10 percent owner, officer: President and CEO
Shaobo Wang officer: Senior Vice President HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073
Yijun Xia officer: Vice President NO. 1 HENGLONG ROAD, YUQIAO DEV. ZONE, SHASHI DISTRICT, JINGZHOU CITY, HUBEI PROVINCE F4 434000
Guangxun Xu director 17 WINDERMERE AVENUE, FINCHLEY, LONDON X0 N3 3QX
Robert Tung director 1733 LEHAVRE DR, POTOMAC MD 20854
Daming Hu officer: Chief Accountant