Kin Shing Holdings (HKSE:01630) Equity-to-Asset : 0.33 (As of Sep. 2023)

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What is Kin Shing Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kin Shing Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$159.6 Mil. Kin Shing Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$490.7 Mil. Therefore, Kin Shing Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.33.

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

HKSE:01630' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.41 Max: 0.64
Current: 0.33

During the past 10 years, the highest Equity to Asset Ratio of Kin Shing Holdings was 0.64. The lowest was 0.16. And the median was 0.41.

HKSE:01630's Equity-to-Asset is ranked worse than
68.24% of 1678 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01630: 0.33

Kin Shing Holdings Equity-to-Asset Historical Data

The historical data trend for Kin Shing 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.

Kin Shing Holdings Equity-to-Asset Chart

Kin Shing Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.40

0.45

0.43

0.41

0.39

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial													0.45	0.41	0.43	0.39	0.33

Competitive Comparison of Kin Shing Holdings's Equity-to-Asset

For the Engineering & Construction subindustry, Kin Shing 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.

Kin Shing Holdings's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kin Shing Holdings's Equity-to-Asset distribution charts can be found below:

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

Kin Shing 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.

Kin Shing Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	166.111	/	425.96
	=	0.39

Kin Shing Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	159.559	/	490.661
	=	0.33

Kin Shing Holdings (HKSE:01630) 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%.

Kin Shing Holdings Equity-to-Asset Related Terms

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

Kin Shing Holdings (HKSE:01630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kin Shing Holdings Ltd (HKSE:01630) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit D, 9th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.kinshingholdings.com.hk

Kin Shing Holdings Ltd is an investment holding company. The group is a formwork subcontractor. The operating segments of the company include the Formwork works segment which is engaged in the provision of formwork works and other ancillary works and the Building construction works segment and the Trading and Investment business which is engaged in investing in financial instruments. The company generates maximum revenue from the Formwork works segment. Geographically, the group's operations are located in Hong Kong.

Kin Shing Holdings (HKSE:01630) Headlines

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