Changjiu Holdings (HKSE:06959) Equity-to-Asset : 0.42 (As of Dec. 2023)

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What is Changjiu Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Changjiu Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$155.2 Mil. Changjiu Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$367.4 Mil. Therefore, Changjiu Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.

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

HKSE:06959' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.42
Current: 0.42

During the past 4 years, the highest Equity to Asset Ratio of Changjiu Holdings was 0.42. The lowest was 0.05. And the median was 0.12.

HKSE:06959's Equity-to-Asset is ranked worse than
65.02% of 2850 companies
in the Software industry
Industry Median: 0.55 vs HKSE:06959: 0.42

Changjiu Holdings Equity-to-Asset Historical Data

The historical data trend for Changjiu 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.

Changjiu Holdings Equity-to-Asset Chart

Changjiu Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.16

0.07

0.05

0.42

Changjiu Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.07	-	0.05	0.21	0.42

Competitive Comparison of Changjiu Holdings's Equity-to-Asset

For the Software - Application subindustry, Changjiu 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.

Changjiu Holdings's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Changjiu Holdings's Equity-to-Asset distribution charts can be found below:

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

Changjiu 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.

Changjiu 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
	=	155.221	/	367.418
	=	0.42

Changjiu 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
	=	155.221	/	367.418
	=	0.42

Changjiu Holdings (HKSE:06959) 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%.

Changjiu Holdings Equity-to-Asset Related Terms

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Changjiu Holdings (HKSE:06959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changjiu Holdings Ltd (HKSE:06959) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Shigezhuang Road, Changjiu Building, Chaoyang, Beijing, CHN

Website

Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.

Executives

Bo Shijiu
Li Guiping
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Changjiu Holdings (HKSE:06959) Headlines

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