Million Hope Industries Holdings (HKSE:01897) Equity-to-Asset : 0.80 (As of Sep. 2023)

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What is Million Hope Industries Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Million Hope Industries Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$523.2 Mil. Million Hope Industries Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$655.0 Mil. Therefore, Million Hope Industries Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.80.

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

HKSE:01897' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.8 Max: 0.83
Current: 0.8

During the past 8 years, the highest Equity to Asset Ratio of Million Hope Industries Holdings was 0.83. The lowest was 0.14. And the median was 0.80.

HKSE:01897's Equity-to-Asset is ranked better than
93.23% of 1684 companies
in the Construction industry
Industry Median: 0.45 vs HKSE:01897: 0.80

Million Hope Industries Holdings Equity-to-Asset Historical Data

The historical data trend for Million Hope Industries 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.

Million Hope Industries Holdings Equity-to-Asset Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.76

0.83

0.81

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial									0.76	0.81	0.79	0.81	0.80

Competitive Comparison of Million Hope Industries Holdings's Equity-to-Asset

For the Building Products & Equipment subindustry, Million Hope Industries 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.

Million Hope Industries Holdings's Equity-to-Asset Distribution in the Construction Industry

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

* The bar in red indicates where Million Hope Industries Holdings's Equity-to-Asset falls into.

Million Hope Industries 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.

Million Hope Industries 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
	=	532.044	/	659.208
	=	0.81

Million Hope Industries 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
	=	523.196	/	655.002
	=	0.80

Million Hope Industries Holdings (HKSE:01897) 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%.

Million Hope Industries Holdings Equity-to-Asset Related Terms

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

Million Hope Industries Holdings (HKSE:01897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.

Executives

Ccm Trust (cayman) Limited
Webb David Michael	2201 Interest of corporation controlled by you
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

Million Hope Industries Holdings (HKSE:01897) Headlines

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