New Century Group Hong Kong (HKSE:00234) Equity-to-Asset : 0.77 (As of Mar. 2024)

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What is New Century Group Hong Kong Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Century Group Hong Kong's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$1,561.88 Mil. New Century Group Hong Kong's Total Assets for the quarter that ended in Mar. 2024 was HK$2,036.19 Mil. Therefore, New Century Group Hong Kong's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.77.

The historical rank and industry rank for New Century Group Hong Kong's Equity-to-Asset or its related term are showing as below:

HKSE:00234' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.74 Med: 0.77 Max: 0.86
Current: 0.77

During the past 13 years, the highest Equity to Asset Ratio of New Century Group Hong Kong was 0.86. The lowest was 0.74. And the median was 0.77.

HKSE:00234's Equity-to-Asset is ranked better than
99.44% of 1608 companies
in the Banks industry
Industry Median: 0.095 vs HKSE:00234: 0.77

New Century Group Hong Kong Equity-to-Asset Historical Data

The historical data trend for New Century Group Hong Kong'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.

New Century Group Hong Kong Equity-to-Asset Chart

New Century Group Hong Kong Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

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0.75

0.74

0.76

0.74

0.77

New Century Group Hong Kong Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.76	0.75	0.74	0.77	0.77

Competitive Comparison of New Century Group Hong Kong's Equity-to-Asset

For the Mortgage Finance subindustry, New Century Group Hong Kong'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.

New Century Group Hong Kong's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, New Century Group Hong Kong's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where New Century Group Hong Kong's Equity-to-Asset falls into.

New Century Group Hong Kong 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.

New Century Group Hong Kong's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1561.876	/	2036.187
	=	0.77

New Century Group Hong Kong'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
	=	1561.876	/	2036.187
	=	0.77

New Century Group Hong Kong (HKSE:00234) 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%.

New Century Group Hong Kong Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of New Century Group Hong Kong's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

New Century Group Hong Kong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New Century Group Hong Kong Ltd (HKSE:00234) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3808, 38th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.ncgrp.com.hk

New Century Group Hong Kong Ltd is an investment holding company. The firm along with its subsidiaries is engaged in the business segments of Property investments; Money lending services; and Securities trading, where the securities trading segment engages in the trading of marketable securities for short-term investment purposes; the Property investments segment invests in prime office space and commercial shops for their rental income potential; and the Money lending segment engages in the provision of secured mortgage loans and unsecured personal loans. The company derives the majority of its revenue from the Money lending segment. The group operates in Hong Kong and the rest of Southeast Asia, of which maximum revenue is generated from Hong Kong.

Executives

Ng Lilian	2101 Beneficial owner
Ng Siew Lang, Linda	2101 Beneficial owner
Sio Ion Kuan	2101 Beneficial owner
Ng Wee Keat	2101 Beneficial owner
Huang Si Teng	2501 Other
Ng (huang) Cheow Leng	2201 Interest of corporation controlled by you
Huang Group (bvi) Limited	2201 Interest of corporation controlled by you

New Century Group Hong Kong Headlines

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