China Xinhua Education Group (HKSE:02779) Equity-to-Asset : 0.83 (As of Jun. 2024)

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What is China Xinhua Education Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Xinhua Education Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$3,868.1 Mil. China Xinhua Education Group's Total Assets for the quarter that ended in Jun. 2024 was HK$4,688.7 Mil. Therefore, China Xinhua Education Group's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.83.

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

HKSE:02779' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49 Med: 0.79 Max: 0.95
Current: 0.83

During the past 10 years, the highest Equity to Asset Ratio of China Xinhua Education Group was 0.95. The lowest was 0.49. And the median was 0.79.

HKSE:02779's Equity-to-Asset is ranked better than
89.42% of 274 companies
in the Education industry
Industry Median: 0.54 vs HKSE:02779: 0.83

China Xinhua Education Group Equity-to-Asset Historical Data

The historical data trend for China Xinhua Education 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.

China Xinhua Education Group Equity-to-Asset Chart

China Xinhua Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.80

0.79

0.77

China Xinhua Education Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Equity-to-Asset	Get a 7-Day Free Trial													0.80	0.77	0.82	0.77	0.83

Competitive Comparison of China Xinhua Education Group's Equity-to-Asset

For the Education & Training Services subindustry, China Xinhua Education 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.

China Xinhua Education Group's Equity-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Xinhua Education Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Xinhua Education Group's Equity-to-Asset falls into.

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China Xinhua Education 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.

China Xinhua Education Group'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
	=	3788.769	/	4895.378
	=	0.77

China Xinhua Education Group's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	3868.104	/	4688.745
	=	0.82

China Xinhua Education Group (HKSE:02779) 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%.

China Xinhua Education Group Equity-to-Asset Related Terms

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China Xinhua Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Xinhua Education Group Ltd (HKSE:02779) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 555 West Wangjiangxi Road, High-Tech Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinaxhedu.com

China Xinhua Education Group Ltd is principally engaged in the provision of education services in China. It mainly provides private formal higher education and formal secondary vocational education in the Yangtze River Delta. It currently operates four private schools, namely Anhui Xinhua University, School of Clinical Medicine jointly operated by the Group and Anhui Medical University, Hongshan College, a college jointly operated by the Group and Nanjing University of Finance & Economics Hongshan College, and Anhui Xinhua School. The company generates revenues from tuition fees, and boarding fees out of which tuition fees contribute the majority part.

Executives

Wu Junbao	2201 Interest of corporation controlled by you
Wu Junbao Company Limited	2101 Beneficial owner

China Xinhua Education Group Headlines

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