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China Tourism Group Duty FreeCTGDF 81 Equity-to-Asset is 0.68 as of Mar. 2026, which is 3% above its 10-year median of 0.66. GuruFocus rates CTGDF with a GF Score™ of 81/100. The stock has 5 warning signs investors should review. Among 1,137 Retail - Cyclical companies, China Tourism Group Duty Free ranks better than 81.79% on this metric.
China Tourism Group Duty Free (OTCPK:CTGDF) 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 Tourism Group Duty Free Equity-to-Asset Related Terms
China Tourism Group Duty Free Equity-to-Asset Historical Data
* 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 Tourism Group Duty Free Equity-to-Asset Chart
CTGDF vs CASY, WSM, ULTA: Equity-to-Asset Comparison
For the Specialty Retail subindustry, China Tourism Group Duty Free'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 Tourism Group Duty Free Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free's Equity-to-Asset falls into.
China Tourism Group Duty Free 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.
* 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 Tourism Group Duty Free (CTGDF) has a Equity-to-Asset of 0.68 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on China Tourism Group Duty Free and its competitors. This is near median its historical median of 0.66. Over the past decade, China Tourism Group Duty Free's Equity-to-Asset has ranged from 0.48 to 0.74. According to the industry distribution chart, China Tourism Group Duty Free ranks #207 out of 1137 companies in the Retail - Cyclical industry, placing it in the top 18.2%.
Is China Tourism Group Duty Free's Equity-to-Asset too high?
China Tourism Group Duty Free's current Equity-to-Asset of 0.68 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 0.74. The Retail - Cyclical industry median Equity-to-Asset is 0.44. China Tourism Group Duty Free's value of 0.68 is 54.5% above this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #207 out of 1137 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Equity-to-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #207 out of 1137 companies for Equity-to-Asset. This places China Tourism Group Duty Free in the top 18% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.44. China Tourism Group Duty Free's value of 0.68 is 54.5% above this benchmark. Historically, China Tourism Group Duty Free's own Equity-to-Asset has ranged from 0.48 to 0.74 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.44, China Tourism Group Duty Free has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,137 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Tourism Group Duty Free's current Equity-to-Asset of 0.68 is 54.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on China Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current Equity-to-Asset is 0.68, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current Equity-to-Asset of 0.68. The current Equity-to-Asset is 0.68, which is near median its 10-year median of 0.66 and 54.5% above the Retail - Cyclical industry median of 0.44. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For China Tourism Group Duty Free (CTGDF), the current Equity-to-Asset is 0.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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