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Morris Home Holdings (HKSE:01575) Equity-to-Asset : -0.52 (As of Dec. 2023)


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What is Morris Home Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Morris Home Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-160.0 Mil. Morris Home Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$310.6 Mil. Therefore, Morris Home Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.52.

The historical rank and industry rank for Morris Home Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:01575' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.52   Med: 0.14   Max: 0.35
Current: -0.52

During the past 11 years, the highest Equity to Asset Ratio of Morris Home Holdings was 0.35. The lowest was -0.52. And the median was 0.14.

HKSE:01575's Equity-to-Asset is ranked worse than
99.07% of 430 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.56 vs HKSE:01575: -0.52

Morris Home Holdings Equity-to-Asset Historical Data

The historical data trend for Morris Home Holdings'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.

Morris Home Holdings Equity-to-Asset Chart

Morris Home Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.11 -0.13 -0.35 -0.52

Morris Home Holdings Semi-Annual Data
Dec13 Dec14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 -0.40 -0.35 -0.39 -0.52

Competitive Comparison of Morris Home Holdings's Equity-to-Asset

For the Furnishings, Fixtures & Appliances subindustry, Morris Home Holdings'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.


Morris Home Holdings's Equity-to-Asset Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Morris Home Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Morris Home Holdings's Equity-to-Asset falls into.



Morris Home Holdings 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.

Morris Home Holdings'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
=-159.965/310.61
=-0.52

Morris Home Holdings'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
=-159.965/310.61
=-0.52

* 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.


Morris Home Holdings  (HKSE:01575) 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%.


Morris Home Holdings Equity-to-Asset Related Terms

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


Morris Home Holdings (HKSE:01575) Business Description

Traded in Other Exchanges
N/A
Address
No. 258, Shengli Road, Maqiao Street, Haining City, Zhejiang Province, Jiaxing City, CHN
Morris Home Holdings Ltd is an investment holding company engaged in the manufacturing and marketing of sofas, sofa covers, and other furniture products. The company's operating segment includes Retail and Manufacturing. It generates maximum revenue from the Retail segment. Geographically, it derives revenue from the Peoples Republic of China.

Morris Home Holdings (HKSE:01575) Headlines

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