Tongguan Gold Group (HKSE:00340) Equity-to-Asset : 0.51 (As of Dec. 2023)

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What is Tongguan Gold Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tongguan Gold Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,316 Mil. Tongguan Gold Group's Total Assets for the quarter that ended in Dec. 2023 was HK$4,555 Mil. Therefore, Tongguan Gold Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.51.

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

HKSE:00340' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.52 Max: 0.81
Current: 0.51

During the past 13 years, the highest Equity to Asset Ratio of Tongguan Gold Group was 0.81. The lowest was 0.48. And the median was 0.52.

HKSE:00340's Equity-to-Asset is ranked worse than
71.12% of 2715 companies
in the Metals & Mining industry
Industry Median: 0.79 vs HKSE:00340: 0.51

Tongguan Gold Group Equity-to-Asset Historical Data

The historical data trend for Tongguan Gold 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.

Tongguan Gold Group Equity-to-Asset Chart

Tongguan Gold Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

0.51

0.48

0.52

0.51

Tongguan Gold Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.52	0.52	0.52	0.53	0.51

Competitive Comparison of Tongguan Gold Group's Equity-to-Asset

For the Gold subindustry, Tongguan Gold 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.

Tongguan Gold Group's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongguan Gold Group's Equity-to-Asset distribution charts can be found below:

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

Tongguan Gold 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.

Tongguan Gold Group'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
	=	2316.491	/	4554.86
	=	0.51

Tongguan Gold Group'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
	=	2316.491	/	4554.86
	=	0.51

Tongguan Gold Group (HKSE:00340) 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%.

Tongguan Gold Group Equity-to-Asset Related Terms

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

Tongguan Gold Group (HKSE:00340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tongguan Gold Group Ltd (HKSE:00340) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, Room 1306, 13th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG

Website

http://www.tongguangold.com

Tongguan Gold Group Ltd operates as an investment holding company. It operates through one segment, the Gold mining operation, that engages in the exploration, mining, processing, and sale of gold concentrates and related products. All of its revenues come from the PRC.

Executives

Fung Wai Enterprises Ltd.	2101 Beneficial owner
Lin Eddie Chang	2201 Interest of corporation controlled by you
Goldbell Holdings Limited	2201 Interest of corporation controlled by you
Jiang Wei	2201 Interest of corporation controlled by you
Jin Ding Investment Limited	2201 Interest of corporation controlled by you
Qinlong Jinxin Mining Investment Limited	2101 Beneficial owner
Lam Yuk Ying	2101 Beneficial owner
Chen Dengguang	2101 Beneficial owner
Huang Aidong	2201 Interest of corporation controlled by you
Profit Linkage Enterprises Limited	2101 Beneficial owner
Golden Blossom Investment Limited	2101 Beneficial owner
Hu Jianzhong	2201 Interest of corporation controlled by you
Ho Ping Tanya	2101 Beneficial owner
Lin Yuhua	2201 Interest of corporation controlled by you
Supreme Success Group Limited	2101 Beneficial owner

Tongguan Gold Group (HKSE:00340) Headlines

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