HK Asia Holdings (HKSE:01723) Equity-to-Asset : 0.77 (As of Sep. 2024)

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What is HK Asia Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. HK Asia Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$105.2 Mil. HK Asia Holdings's Total Assets for the quarter that ended in Sep. 2024 was HK$136.9 Mil. Therefore, HK Asia Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.77.

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

HKSE:01723' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.67 Med: 0.91 Max: 0.97
Current: 0.77

During the past 9 years, the highest Equity to Asset Ratio of HK Asia Holdings was 0.97. The lowest was 0.67. And the median was 0.91.

HKSE:01723's Equity-to-Asset is ranked better than
91.78% of 377 companies
in the Telecommunication Services industry
Industry Median: 0.39 vs HKSE:01723: 0.77

HK Asia Holdings Equity-to-Asset Historical Data

The historical data trend for HK Asia 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.

HK Asia Holdings Equity-to-Asset Chart

HK Asia Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

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0.73

0.80

0.95

0.90

HK Asia Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Equity-to-Asset	Get a 7-Day Free Trial												0.93	0.95	0.91	0.90	0.77

Competitive Comparison of HK Asia Holdings's Equity-to-Asset

For the Telecom Services subindustry, HK Asia 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.

HK Asia Holdings's Equity-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, HK Asia Holdings's Equity-to-Asset distribution charts can be found below:

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

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HK Asia 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.

HK Asia Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	124.539	/	138.744
	=	0.90

HK Asia Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	105.23	/	136.851
	=	0.77

HK Asia Holdings (HKSE:01723) 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%.

HK Asia Holdings Equity-to-Asset Related Terms

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

HK Asia Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HK Asia Holdings Ltd (HKSE:01723) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Wing Wo Street, Sheung Wan, 24th Floor, Chun Wo Commercial Centre, Hong Kong, HKG

Website

http://www.hkasiaholdings.com/hkasia

HK Asia Holdings Ltd is principally engaged in wholesale and retail sales of the Pre-paid Products such as SIM Cards and Top-up Vouchers. The Group currently has one operating segment which is revenue from sale of the Pre-paid Products i.e. SIM Cards and top-up vouchers. Geographically, it operates only in Hong Kong.

Executives

Fang Jason Kin Hoi	2201 Interest of corporation controlled by you
210k Capital, Lp	2101 Beneficial owner
Bailey David Forrest	2201 Interest of corporation controlled by you
Evans Tyler Matthew	2201 Interest of corporation controlled by you
Mateer Samuel Coyn	2201 Interest of corporation controlled by you
Utxo Management Gp, Llc	2201 Interest of corporation controlled by you
Sit Hon	2201 Interest of corporation controlled by you
Sora Investment Management Limited	2102 Investment manager
Sora Valkyrie Limited	2101 Beneficial owner
Sora Ventures	2201 Interest of corporation controlled by you
Allied Top Investments Limited	2101 Beneficial owner
Top Legend Spc Acting For And On Behalf Of One Of Its Segregated Portfolios Aces Sp	2101 Beneficial owner
Tsang Karen Ka Yan	2201 Interest of corporation controlled by you
Chan Hung Kai	2101 Beneficial owner
Siu Muk Lung	2101 Beneficial owner

HK Asia Holdings Headlines

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