Howkingtech International Holding (HKSE:02440) Equity-to-Asset : 0.73 (As of Jun. 2023)

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What is Howkingtech International Holding Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Howkingtech International Holding's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$266.8 Mil. Howkingtech International Holding's Total Assets for the quarter that ended in Jun. 2023 was HK$365.6 Mil. Therefore, Howkingtech International Holding's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.73.

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

HKSE:02440' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.71 Max: 0.77
Current: 0.77

During the past 5 years, the highest Equity to Asset Ratio of Howkingtech International Holding was 0.77. The lowest was 0.43. And the median was 0.71.

HKSE:02440's Equity-to-Asset is ranked better than
91.73% of 387 companies
in the Telecommunication Services industry
Industry Median: 0.41 vs HKSE:02440: 0.77

Howkingtech International Holding Equity-to-Asset Historical Data

The historical data trend for Howkingtech International 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.

Howkingtech International Holding Equity-to-Asset Chart

Howkingtech International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.68

0.72

0.43

0.71

0.77

Howkingtech International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.43	-	0.71	0.73	0.77

Competitive Comparison of Howkingtech International Holding's Equity-to-Asset

For the Telecom Services subindustry, Howkingtech International 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.

Howkingtech International Holding's Equity-to-Asset Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Equity-to-Asset distribution charts can be found below:

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

Howkingtech International 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.

Howkingtech International Holding'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
	=	285.973	/	400.55
	=	0.71

Howkingtech International Holding'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
	=	266.805	/	365.641
	=	0.73

Howkingtech International Holding (HKSE:02440) 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%.

Howkingtech International Holding Equity-to-Asset Related Terms

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

Howkingtech International Holding (HKSE:02440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN

Website

http://www.howkingtech.com

Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.

Executives

Wang Zheshi	2101 Beneficial owner
Chen Ping	2202 Interest of your spouse
Howkingtech Holding Limited	2101 Beneficial owner
Jin Yan	2201 Interest of corporation controlled by you
Ban Lifeng	2201 Interest of corporation controlled by you
Xie Xiongqing	2201 Interest of corporation controlled by you
Ye Xiang	2201 Interest of corporation controlled by you
Ding Di	2201 Interest of corporation controlled by you
Wu Chak Man	2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

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