Gaush Meditech (HKSE:02407) Equity-to-Asset : 0.59 (As of Dec. 2023)

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What is Gaush Meditech Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gaush Meditech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,838.1 Mil. Gaush Meditech's Total Assets for the quarter that ended in Dec. 2023 was HK$3,110.4 Mil.

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

HKSE:02407' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.27 Med: 0.01 Max: 0.59
Current: 0.59

During the past 5 years, the highest Equity to Asset Ratio of Gaush Meditech was 0.59. The lowest was -0.27. And the median was 0.01.

HKSE:02407's Equity-to-Asset is ranked worse than
57.41% of 871 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs HKSE:02407: 0.59

Gaush Meditech Equity-to-Asset Historical Data

The historical data trend for Gaush Meditech'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.

Gaush Meditech Equity-to-Asset Chart

Gaush Meditech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-0.08

0.01

-0.27

0.54

0.59

Gaush Meditech Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-0.27	-0.30	0.54	0.57	0.59

Competitive Comparison of Gaush Meditech's Equity-to-Asset

For the Medical Devices subindustry, Gaush Meditech'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.

Gaush Meditech's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Gaush Meditech's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Gaush Meditech's Equity-to-Asset falls into.

Gaush Meditech 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.

Gaush Meditech'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
	=	1838.059	/	3110.398
	=	0.59

Gaush Meditech's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1838.059	/	3110.398
	=

Gaush Meditech (HKSE:02407) 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%.

Gaush Meditech Equity-to-Asset Related Terms

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

Gaush Meditech (HKSE:02407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Gaush Meditech Ltd (HKSE:02407) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Dongzhimen South Avenue, Room 1901, Building A, Zhonghui Plaza, Dongcheng District, Beijing, CHN

Website

https://www.gaush.com

Gaush Meditech Ltd is a provider of a broad spectrum of ophthalmic medical devices. The segments of the company include 1) Proprietary products segment develops and produces surgical equipment and related supporting software, intra-optical lens, ophthalmic disease diagnosis and treatment equipment and related supporting consumables independently; 2) Distribution products segment sells multi-function diagnostic equipment, ocular fundus diagnosis, surgical and treatment equipment and related supporting consumables produced by ophthalmic medical equipment manufacturers; 3) Technical services segment provides warranty services, maintenance services and after-sales services related consumables; and 4) Others segment.

Gaush Meditech (HKSE:02407) Headlines

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