China Evergrande Group (China Evergrande Group) Equity-to-Asset : -0.32 (As of Jun. 2023)

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What is China Evergrande Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Evergrande Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-77,014 Mil. China Evergrande Group's Total Assets for the quarter that ended in Jun. 2023 was $243,527 Mil. Therefore, China Evergrande Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was -0.32.

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

EGRNF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.32 Med: 0.07 Max: 0.22
Current: -0.32

During the past 13 years, the highest Equity to Asset Ratio of China Evergrande Group was 0.22. The lowest was -0.32. And the median was 0.07.

EGRNF's Equity-to-Asset is ranked worse than
98.15% of 1835 companies
in the Real Estate industry
Industry Median: 0.44 vs EGRNF: -0.32

China Evergrande Group Equity-to-Asset Historical Data

The historical data trend for China Evergrande Group'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 Evergrande Group Equity-to-Asset Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.07

0.06

-0.19

-0.27

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial															0.08	-0.19	-	-0.27	-0.32

Competitive Comparison of China Evergrande Group's Equity-to-Asset

For the Real Estate - Development subindustry, China Evergrande Group'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 Evergrande Group's Equity-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Evergrande Group's Equity-to-Asset distribution charts can be found below:

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

China Evergrande Group 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 Evergrande Group'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
	=	-71642.498	/	263685.758
	=	-0.27

China Evergrande Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-77013.992	/	243527.383
	=	-0.32

China Evergrande Group (OTCPK:EGRNF) 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 Evergrande Group Equity-to-Asset Related Terms

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China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNF) » Definitions » Equity-to-Asset

Traded in Other Exchanges

03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.