Pujiang International Group (HKSE:02060) Equity-to-Asset : 0.39 (As of Jun. 2023)

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What is Pujiang International Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pujiang International Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$2,479 Mil. Pujiang International Group's Total Assets for the quarter that ended in Jun. 2023 was HK$6,334 Mil. Therefore, Pujiang International Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.39.

The historical rank and industry rank for Pujiang International Group's Equity-to-Asset or its related term are showing as below:

HKSE:02060' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.4 Max: 0.47
Current: 0.39

During the past 7 years, the highest Equity to Asset Ratio of Pujiang International Group was 0.47. The lowest was 0.37. And the median was 0.40.

HKSE:02060's Equity-to-Asset is ranked worse than
77.19% of 3029 companies
in the Industrial Products industry
Industry Median: 0.56 vs HKSE:02060: 0.39

Pujiang International Group Equity-to-Asset Historical Data

The historical data trend for Pujiang International 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.

Pujiang International Group Equity-to-Asset Chart

Pujiang International Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.40

0.44

0.38

0.39

0.40

Pujiang International Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial								0.38	0.39	0.37	0.40	0.39

Competitive Comparison of Pujiang International Group's Equity-to-Asset

For the Metal Fabrication subindustry, Pujiang International 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.

Pujiang International Group's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pujiang International Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Pujiang International Group's Equity-to-Asset falls into.

Pujiang International 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.

Pujiang International Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	2482.934	/	6248.747
	=	0.40

Pujiang International Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2479.008	/	6333.61
	=	0.39

Pujiang International Group (HKSE:02060) 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%.

Pujiang International Group Equity-to-Asset Related Terms

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

Pujiang International Group (HKSE:02060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pujiang International Group Ltd (HKSE:02060) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120

Website

http://www.pji-group.com

Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.

Pujiang International Group (HKSE:02060) Headlines

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