China Nature Energy Technology Holdings (HKSE:01597) Equity-to-Asset : 0.50 (As of Dec. 2023)

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What is China Nature Energy Technology Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Nature Energy Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$282.1 Mil. China Nature Energy Technology Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$566.9 Mil. Therefore, China Nature Energy Technology Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.50.

The historical rank and industry rank for China Nature Energy Technology Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:01597' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.44 Max: 0.61
Current: 0.5

During the past 7 years, the highest Equity to Asset Ratio of China Nature Energy Technology Holdings was 0.61. The lowest was 0.08. And the median was 0.44.

HKSE:01597's Equity-to-Asset is ranked worse than
60.15% of 3034 companies
in the Industrial Products industry
Industry Median: 0.56 vs HKSE:01597: 0.50

China Nature Energy Technology Holdings Equity-to-Asset Historical Data

The historical data trend for China Nature Energy Technology 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.

China Nature Energy Technology Holdings Equity-to-Asset Chart

China Nature Energy Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.44

0.52

0.61

0.50

China Nature Energy Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial						0.52	0.56	0.61	0.52	0.50

Competitive Comparison of China Nature Energy Technology Holdings's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, China Nature Energy Technology 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.

China Nature Energy Technology Holdings's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Nature Energy Technology Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Nature Energy Technology Holdings's Equity-to-Asset falls into.

China Nature Energy Technology 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.

China Nature Energy Technology 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
	=	282.077	/	566.948
	=	0.50

China Nature Energy Technology 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
	=	282.077	/	566.948
	=	0.50

China Nature Energy Technology Holdings (HKSE:01597) 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 Nature Energy Technology Holdings Equity-to-Asset Related Terms

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

China Nature Energy Technology Holdings (HKSE:01597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN

Website

www.jyhyne.com

China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.

Executives

Cheng Liquan Richard	2201 Interest of corporation controlled by you
Hongyuan Company Limited	2101 Beneficial owner
Zhou Xuan	2202 Interest of your spouse

China Nature Energy Technology Holdings (HKSE:01597) Headlines

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