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Qianhe Condiment and Food Co (SHSE:603027) Equity-to-Asset : 0.85 (As of Sep. 2023)


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What is Qianhe Condiment and Food Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Qianhe Condiment and Food Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥3,475 Mil. Qianhe Condiment and Food Co's Total Assets for the quarter that ended in Sep. 2023 was ¥4,079 Mil. Therefore, Qianhe Condiment and Food Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.85.

The historical rank and industry rank for Qianhe Condiment and Food Co's Equity-to-Asset or its related term are showing as below:

SHSE:603027' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62   Med: 0.84   Max: 0.89
Current: 0.85

During the past 12 years, the highest Equity to Asset Ratio of Qianhe Condiment and Food Co was 0.89. The lowest was 0.62. And the median was 0.84.

SHSE:603027's Equity-to-Asset is ranked better than
91.61% of 1919 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs SHSE:603027: 0.85

Qianhe Condiment and Food Co Equity-to-Asset Historical Data

The historical data trend for Qianhe Condiment and Food 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.

Qianhe Condiment and Food Co Equity-to-Asset Chart

Qianhe Condiment and Food Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.78 0.87 0.87 0.74

Qianhe Condiment and Food Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.81 0.74 0.80 0.86 0.85

Competitive Comparison of Qianhe Condiment and Food Co's Equity-to-Asset

For the Packaged Foods subindustry, Qianhe Condiment and Food 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.


Qianhe Condiment and Food Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Qianhe Condiment and Food Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Qianhe Condiment and Food Co's Equity-to-Asset falls into.



Qianhe Condiment and Food 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.

Qianhe Condiment and Food Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=2353.023/3171.593
=0.74

Qianhe Condiment and Food Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=3474.512/4079.182
=0.85

* 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.


Qianhe Condiment and Food Co  (SHSE:603027) 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%.


Qianhe Condiment and Food Co Equity-to-Asset Related Terms

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Qianhe Condiment and Food Co (SHSE:603027) Business Description

Traded in Other Exchanges
N/A
Address
South China Min Hongjiadu, Dongpo District, Sichuan, Meishan, CHN
Qianhe Condiment and Food Co Ltd manufacture and sells various food additives in China. It provides soy sauce, rice vinegar and wine, onion ginger and cooking wine, and other spices.

Qianhe Condiment and Food Co (SHSE:603027) Headlines

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