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Folangsi Co (HKSE:02499) Equity-to-Asset : 0.34 (As of Dec. 2023)


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What is Folangsi Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Folangsi Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,178 Mil. Folangsi Co's Total Assets for the quarter that ended in Dec. 2023 was HK$3,443 Mil. Therefore, Folangsi Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.34.

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

HKSE:02499' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31   Med: 0.34   Max: 0.34
Current: 0.34

During the past 4 years, the highest Equity to Asset Ratio of Folangsi Co was 0.34. The lowest was 0.31. And the median was 0.34.

HKSE:02499's Equity-to-Asset is ranked worse than
71.29% of 209 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.47 vs HKSE:02499: 0.34

Folangsi Co Equity-to-Asset Historical Data

The historical data trend for Folangsi Co'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.

Folangsi Co Equity-to-Asset Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
0.31 0.34 0.34 0.34

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Equity-to-Asset 0.31 0.34 0.34 0.34

Competitive Comparison of Folangsi Co's Equity-to-Asset

For the Farm & Heavy Construction Machinery subindustry, Folangsi Co'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.

Folangsi Co's Equity-to-Asset Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's Equity-to-Asset distribution charts can be found below:

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


Folangsi Co 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.

Folangsi Co'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
=1177.769/3442.965
=0.34

Folangsi Co'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
=1177.769/3442.965
=0.34

* 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.

Folangsi Co  (HKSE:02499) 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%.

Folangsi Co Equity-to-Asset Related Terms

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

Folangsi Co (HKSE:02499) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Equity-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Website
https://www.fls123.com
Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.
Executives
Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping 2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan 2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner

Folangsi Co (HKSE:02499) Headlines

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