Zhongmiao Holdings (Qingdao) Co (HKSE:01471) Equity-to-Asset : 0.95 (As of Dec. 2024)

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What is Zhongmiao Holdings (Qingdao) Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Zhongmiao Holdings (Qingdao) Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was HK$640.8 Mil. Zhongmiao Holdings (Qingdao) Co's Total Assets for the quarter that ended in Dec. 2024 was HK$678.4 Mil. Therefore, Zhongmiao Holdings (Qingdao) Co's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.95.

The historical rank and industry rank for Zhongmiao Holdings (Qingdao) Co's Equity-to-Asset or its related term are showing as below:

HKSE:01471' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.9 Med: 0.92 Max: 0.95
Current: 0.95

During the past 4 years, the highest Equity to Asset Ratio of Zhongmiao Holdings (Qingdao) Co was 0.95. The lowest was 0.90. And the median was 0.92.

HKSE:01471's Equity-to-Asset is ranked better than
99.59% of 491 companies
in the Insurance industry
Industry Median: 0.25 vs HKSE:01471: 0.95

Zhongmiao Holdings (Qingdao) Co Equity-to-Asset Historical Data

The historical data trend for Zhongmiao Holdings (Qingdao) Co'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.

Zhongmiao Holdings (Qingdao) Co Equity-to-Asset Chart

Zhongmiao Holdings (Qingdao) Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Equity-to-Asset

0.90

0.94

0.95

Zhongmiao Holdings (Qingdao) Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Equity-to-Asset	Get a 7-Day Free Trial			0.90	-	0.94	0.89	0.95

Competitive Comparison of Zhongmiao Holdings (Qingdao) Co's Equity-to-Asset

For the Insurance Brokers subindustry, Zhongmiao Holdings (Qingdao) Co'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.

Zhongmiao Holdings (Qingdao) Co's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhongmiao Holdings (Qingdao) Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Zhongmiao Holdings (Qingdao) Co's Equity-to-Asset falls into.

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Zhongmiao Holdings (Qingdao) Co 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.

Zhongmiao Holdings (Qingdao) Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Equity to Asset (A: Dec. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	640.811	/	678.391
	=	0.94

Zhongmiao Holdings (Qingdao) Co's Equity to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Equity to Asset (Q: Dec. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	640.811	/	678.391
	=	0.94

Zhongmiao Holdings (Qingdao) Co (HKSE:01471) 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%.

Zhongmiao Holdings (Qingdao) Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Zhongmiao Holdings (Qingdao) Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhongmiao Holdings (Qingdao) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhongmiao Holdings (Qingdao) Co Ltd (HKSE:01471) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Haier Road, Laoshan District, Shandong, Qingdao, CHN

Website

https://www.haierbx.net

Zhongmiao Holdings (Qingdao) Co Ltd is engaged in providing insurance agency service, IT services, and consulting services in the PRC. The company is primarily engaged in providing IT services. The company derives maximum revenue from the Insurance Agency business. The company is dedicated to distributing different insurance products covering (i) property insurance products, (ii) life and health insurance products, (iii) accident insurance products, and (iv) automobile insurance products, to both corporate and household insurance clients.

Executives

Qu Pengcheng

Zhongmiao Holdings (Qingdao) Co Headlines

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