The historical rank and industry rank for China Water Affairs Group's Equity-to-Asset or its related term are showing as below:
HKSE:00855'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.22 Max: 0.28
Current: 0.2
During the past 13 years, the highest Equity to Asset Ratio of China Water Affairs Group was 0.28. The lowest was 0.20. And the median was 0.22.
HKSE:00855's Equity-to-Asset is ranked worse than 87.31% of 520
companies
in the Utilities - Regulated industry
Industry Median: 0.38
vs HKSE:00855: 0.20
China Water Affairs Group 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.
Competitive Comparison of China Water Affairs Group's Equity-to-Asset
For the Utilities - Regulated Water subindustry, China Water Affairs 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 Water Affairs Group's Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, China Water Affairs Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China Water Affairs Group's Equity-to-Asset falls into.
China Water Affairs 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 Water Affairs Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* 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 Water Affairs Group (HKSE:00855) 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 Water Affairs Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of China Water Affairs Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Water Affairs Group (HKSE:00855) Business Description
China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Property development and investment, Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a major share of its revenue from the People's Republic of China.
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