Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China New City Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was HK$5,622 Mil. China New City Group's Total Assets for the quarter that ended in Dec. 2024 was HK$14,292 Mil.
Therefore, China New City Group's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.39.
The historical rank and industry rank for China New City Group's Equity-to-Asset or its related term are showing as below:
HKSE:01321'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.4 Max: 0.46
Current: 0.39
During the past 13 years, the highest Equity to Asset Ratio of China New City Group was 0.46. The lowest was 0.34. And the median was 0.40.
HKSE:01321's Equity-to-Asset is ranked worse than 59.24% of 1808
companies
in the Real Estate industry
Industry Median: 0.45
vs HKSE:01321: 0.39
China New City Group Equity-to-Asset Historical Data
The historical data trend for China New City 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.
Competitive Comparison of China New City Group's Equity-to-Asset
For the Real Estate - Development subindustry, China New City 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 New City Group's Equity-to-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China New City Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China New City Group's Equity-to-Asset falls into.
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 New City Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2024 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 New City Group (HKSE:01321) 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 New City Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of China New City Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China New City Group Ltd is an investment holding company. The Group is principally engaged in commercial property development, commercial operation and hotel management. The company's operating segments are The commercial property development segment which develops and sells commercial properties in Mainland China; The property rental segment which leases investment properties in Mainland China; The hotel operations segment which owns and operates a hotel; and Other segment comprising the company's property management services business, which provides management and security services to commercial properties. The commercial property development segment contributes to the majority of the revenue. The company earns the majority of its revenue from Mainland China.
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