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Macau Legend Development (HKSE:01680) Equity-to-Asset : 0.54 (As of Dec. 2023)


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What is Macau Legend Development Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Macau Legend Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,705.2 Mil. Macau Legend Development's Total Assets for the quarter that ended in Dec. 2023 was HK$6,862.6 Mil. Therefore, Macau Legend Development's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.54.

The historical rank and industry rank for Macau Legend Development's Equity-to-Asset or its related term are showing as below:

HKSE:01680' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52   Med: 0.59   Max: 0.7
Current: 0.54

During the past 12 years, the highest Equity to Asset Ratio of Macau Legend Development was 0.70. The lowest was 0.52. And the median was 0.59.

HKSE:01680's Equity-to-Asset is ranked better than
57.07% of 841 companies
in the Travel & Leisure industry
Industry Median: 0.49 vs HKSE:01680: 0.54

Macau Legend Development Equity-to-Asset Historical Data

The historical data trend for Macau Legend Development'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.

Macau Legend Development Equity-to-Asset Chart

Macau Legend Development 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 0.67 0.64 0.54 0.52 0.54

Macau Legend Development Semi-Annual Data
Jun14 Dec14 Jun15 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 Premium Member Only 0.54 0.50 0.52 0.50 0.54

Competitive Comparison of Macau Legend Development's Equity-to-Asset

For the Resorts & Casinos subindustry, Macau Legend Development'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.


Macau Legend Development's Equity-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Macau Legend Development's Equity-to-Asset falls into.



Macau Legend Development 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.

Macau Legend Development'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
=3705.229/6862.616
=0.54

Macau Legend Development'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
=3705.229/6862.616
=0.54

* 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.


Macau Legend Development  (HKSE:01680) 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%.


Macau Legend Development Equity-to-Asset Related Terms

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Macau Legend Development (HKSE:01680) Business Description

Traded in Other Exchanges
Address
Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC
Macau Legend Development Ltd is an investment holdings company. The company is one of the owners of entertainment and casino gaming facilities in Macau. The company currently has Macau Fisherman's Wharf operated by MFW Investment (MFW), which is a waterfront integrated gaming, hotel, convention and entertainment complex located on the Macau Peninsula. The company's businesses include 1) the provision of gaming services to SJM for the operation of Legend Palace Casino; 2) the operation of casino inside Savan Legend Resorts Hotel and Entertainment Complex in the Lao People's Democratic Republic (Lao PDR); and 3) the operation of hotels, entertainment and leisure facilities within its properties.

Macau Legend Development (HKSE:01680) Headlines

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