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Nine Dragons Paper (Holdings) (HKSE:02689) Equity-to-Asset : 0.35 (As of Dec. 2023)


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What is Nine Dragons Paper (Holdings) Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nine Dragons Paper (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$48,935 Mil. Nine Dragons Paper (Holdings)'s Total Assets for the quarter that ended in Dec. 2023 was HK$141,002 Mil. Therefore, Nine Dragons Paper (Holdings)'s Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.35.

The historical rank and industry rank for Nine Dragons Paper (Holdings)'s Equity-to-Asset or its related term are showing as below:

HKSE:02689' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35   Med: 0.44   Max: 0.52
Current: 0.35

During the past 13 years, the highest Equity to Asset Ratio of Nine Dragons Paper (Holdings) was 0.52. The lowest was 0.35. And the median was 0.44.

HKSE:02689's Equity-to-Asset is ranked worse than
76.19% of 294 companies
in the Forest Products industry
Industry Median: 0.545 vs HKSE:02689: 0.35

Nine Dragons Paper (Holdings) Equity-to-Asset Historical Data

The historical data trend for Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings) Equity-to-Asset Chart

Nine Dragons Paper (Holdings) Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.51 0.50 0.44 0.37

Nine Dragons Paper (Holdings) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.44 0.40 0.37 0.35

Competitive Comparison of Nine Dragons Paper (Holdings)'s Equity-to-Asset

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.


Nine Dragons Paper (Holdings)'s Equity-to-Asset Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Equity-to-Asset falls into.



Nine Dragons Paper (Holdings) 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.

Nine Dragons Paper (Holdings)'s Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )=Total Stockholders Equity/Total Assets
=48839.364/131965.721
=0.37

Nine Dragons Paper (Holdings)'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
=48935.271/141001.554
=0.35

* 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.


Nine Dragons Paper (Holdings)  (HKSE:02689) 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%.


Nine Dragons Paper (Holdings) Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Nine Dragons Paper (Holdings)'s Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Nine Dragons Paper (Holdings) (HKSE:02689) Business Description

Traded in Other Exchanges
Address
No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.
Executives
Zedra Jersey Trust Corporation Limited Formerly Bnp Paribas Jersey Trust Corporation Limited 2301 Trustee
Cheung Yan 2101 Beneficial owner
Liu Ming Chung 2101 Beneficial owner
Lau Chun Shun 2101 Beneficial owner
Bnp Paribas Jersey Trust Corporation Limited 2301 Trustee
Yc 2013 Company Limited 2201 Interest of corporation controlled by you

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