New Hope Service Holdings (HKSE:03658) Equity-to-Asset : 0.59 (As of Dec. 2023)

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What is New Hope Service Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Hope Service Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,270 Mil. New Hope Service Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$2,145 Mil. Therefore, New Hope Service Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.59.

The historical rank and industry rank for New Hope Service Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:03658' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.6 Max: 0.64
Current: 0.59

During the past 6 years, the highest Equity to Asset Ratio of New Hope Service Holdings was 0.64. The lowest was 0.25. And the median was 0.60.

HKSE:03658's Equity-to-Asset is ranked better than
71.29% of 1832 companies
in the Real Estate industry
Industry Median: 0.44 vs HKSE:03658: 0.59

New Hope Service Holdings Equity-to-Asset Historical Data

The historical data trend for New Hope Service 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.

New Hope Service Holdings Equity-to-Asset Chart

New Hope Service Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.32

0.25

0.64

0.60

0.59

New Hope Service Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					0.64	0.59	0.60	0.58	0.59

Competitive Comparison of New Hope Service Holdings's Equity-to-Asset

For the Real Estate Services subindustry, New Hope Service 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.

New Hope Service Holdings's Equity-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New Hope Service Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where New Hope Service Holdings's Equity-to-Asset falls into.

New Hope Service 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.

New Hope Service Holdings'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
	=	1269.515	/	2144.579
	=	0.59

New Hope Service 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
	=	1269.515	/	2144.579
	=	0.59

New Hope Service Holdings (HKSE:03658) 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%.

New Hope Service Holdings Equity-to-Asset Related Terms

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

New Hope Service Holdings (HKSE:03658) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New Hope Service Holdings Ltd (HKSE:03658) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 366 Jinshi Road, 16th Floor, Building 2, New Hope Zhongding International, Jinjiang District, Chengdu, Sichuan, CHN, 610000

Website

https://www.newhopeservice.com.cn

New Hope Service Holdings Ltd is a Chinese comprehensive property management and livelihood service operator, providing property management services, nonprofit Owner's value-added services, commercial operation services, and life services.

Executives

Li Wei	2202 Interest of your spouse
Chen Jing	2201 Interest of corporation controlled by you
Zhang Minggui	2201 Interest of corporation controlled by you
Wu Min	2201 Interest of corporation controlled by you
Tmf Trust (hk) Limited	2301 Trustee
New Voyage Development Limited	2101 Beneficial owner
New Range Development Limited	2201 Interest of corporation controlled by you
Jiang Mengjun	2201 Interest of corporation controlled by you
Huang Kun	2201 Interest of corporation controlled by you
Adventure Way Pte. Ltd.	2501 Other
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Sea Glory Developments Limited	2201 Interest of corporation controlled by you
New Prosperity Development Limited	2201 Interest of corporation controlled by you
Medea Investments Limited	2201 Interest of corporation controlled by you
Liu Yonghao	2201 Interest of corporation controlled by you

New Hope Service Holdings (HKSE:03658) Headlines

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