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Infinities Technology International (Cayman) Holding (HKSE:01961) Equity-to-Asset : 0.56 (As of Jun. 2024)


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What is Infinities Technology International (Cayman) Holding Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Infinities Technology International (Cayman) Holding's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$242.8 Mil. Infinities Technology International (Cayman) Holding's Total Assets for the quarter that ended in Jun. 2024 was HK$431.7 Mil. Therefore, Infinities Technology International (Cayman) Holding's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.56.

The historical rank and industry rank for Infinities Technology International (Cayman) Holding's Equity-to-Asset or its related term are showing as below:

HKSE:01961' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.29   Med: 0.57   Max: 0.84
Current: 0.29

During the past 9 years, the highest Equity to Asset Ratio of Infinities Technology International (Cayman) Holding was 0.84. The lowest was 0.29. And the median was 0.57.

HKSE:01961's Equity-to-Asset is ranked worse than
82.59% of 586 companies
in the Interactive Media industry
Industry Median: 0.64 vs HKSE:01961: 0.29

Infinities Technology International (Cayman) Holding Equity-to-Asset Historical Data

The historical data trend for Infinities Technology International (Cayman) Holding'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.

Infinities Technology International (Cayman) Holding Equity-to-Asset Chart

Infinities Technology International (Cayman) Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.84 0.74 0.42 0.49 0.29

Infinities Technology International (Cayman) Holding Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.42 0.57 0.49 0.56 0.29

Competitive Comparison of Infinities Technology International (Cayman) Holding's Equity-to-Asset

For the Electronic Gaming & Multimedia subindustry, Infinities Technology International (Cayman) Holding'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.


Infinities Technology International (Cayman) Holding's Equity-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Infinities Technology International (Cayman) Holding's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Infinities Technology International (Cayman) Holding's Equity-to-Asset falls into.


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Infinities Technology International (Cayman) Holding 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.

Infinities Technology International (Cayman) Holding'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
=121.583/249.552
=0.49

Infinities Technology International (Cayman) Holding's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )=Total Stockholders Equity/Total Assets
=242.751/431.681
=0.56

* 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.


Infinities Technology International (Cayman) Holding  (HKSE:01961) 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%.


Infinities Technology International (Cayman) Holding Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Infinities Technology International (Cayman) Holding's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Infinities Technology International (Cayman) Holding Business Description

Traded in Other Exchanges
N/A
Address
12-1 Keyun Road, Room 606, West Building, Fangyuan E Time, Tianhe District, Guangzhou, CHN
Infinities Technology International (Cayman) Holding Ltd is engaged in the development and operation of mobile games, the distribution of digital media content and gaming products supply in China and overseas. It operates in Mainland China and Other countries.
Executives
Infinities Technology (cayman) Holding Limited 2201 Interest of corporation controlled by you
An Fenghua 2201 Interest of corporation controlled by you
Infinities B&m Technology Limited 2101 Beneficial owner
Infinities Global Technology Limited Partnership 2101 Beneficial owner
Infinities Worldwide Limited 2201 Interest of corporation controlled by you
Liu Xiaoke 2201 Interest of corporation controlled by you
Wang Le 2201 Interest of corporation controlled by you
More Gain Group Limited 2101 Beneficial owner
Tan Bing 2201 Interest of corporation controlled by you

Infinities Technology International (Cayman) Holding Headlines

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