China New Higher Education Group (HKSE:02001) Equity-to-Asset : 0.41 (As of Feb. 2024)

View and export this data going back to 2017. Start your Free Trial

What is China New Higher Education Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China New Higher Education Group's Total Stockholders Equity for the quarter that ended in Feb. 2024 was HK$4,141 Mil. China New Higher Education Group's Total Assets for the quarter that ended in Feb. 2024 was HK$10,047 Mil. Therefore, China New Higher Education Group's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.41.

The historical rank and industry rank for China New Higher Education Group's Equity-to-Asset or its related term are showing as below:

HKSE:02001' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.41 Max: 0.67
Current: 0.41

During the past 10 years, the highest Equity to Asset Ratio of China New Higher Education Group was 0.67. The lowest was 0.28. And the median was 0.41.

HKSE:02001's Equity-to-Asset is ranked worse than
64.18% of 268 companies
in the Education industry
Industry Median: 0.52 vs HKSE:02001: 0.41

China New Higher Education Group Equity-to-Asset Historical Data

The historical data trend for China New Higher Education Group'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.

China New Higher Education Group Equity-to-Asset Chart

China New Higher Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

Get a 7-Day Free Trial

0.41

0.40

0.38

0.35

0.38

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial													0.39	0.35	0.40	0.38	0.41

Competitive Comparison of China New Higher Education Group's Equity-to-Asset

For the Education & Training Services subindustry, China New Higher Education Group'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.

China New Higher Education Group's Equity-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China New Higher Education Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China New Higher Education Group's Equity-to-Asset falls into.

China New Higher Education Group 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.

China New Higher Education Group's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3814.369	/	9979.649
	=	0.38

China New Higher Education Group's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	4141.098	/	10047.136
	=	0.41

China New Higher Education Group (HKSE:02001) 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%.

China New Higher Education Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of China New Higher Education Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

China New Higher Education Group (HKSE:02001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (HKSE:02001) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Li Xiaoxuan	2101 Beneficial owner
Aspire Education Management Co., Ltd.	2101 Beneficial owner
Tx Capital (hk) Limited	2102 Investment manager
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Jiang Jinzhi	2201 Interest of corporation controlled by you
Aspire Education Technology Co., Ltd.	2101 Beneficial owner

China New Higher Education Group (HKSE:02001) Headlines

No Headlines