China Wan Tong Yuan (Holdings) (HKSE:06966) Equity-to-Asset : 0.69 (As of Dec. 2023)

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What is China Wan Tong Yuan (Holdings) Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Wan Tong Yuan (Holdings)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$249.16 Mil. China Wan Tong Yuan (Holdings)'s Total Assets for the quarter that ended in Dec. 2023 was HK$360.52 Mil. Therefore, China Wan Tong Yuan (Holdings)'s Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.69.

The historical rank and industry rank for China Wan Tong Yuan (Holdings)'s Equity-to-Asset or its related term are showing as below:

HKSE:06966' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.65 Max: 0.7
Current: 0.69

During the past 9 years, the highest Equity to Asset Ratio of China Wan Tong Yuan (Holdings) was 0.70. The lowest was 0.21. And the median was 0.65.

HKSE:06966's Equity-to-Asset is ranked better than
83.49% of 109 companies
in the Personal Services industry
Industry Median: 0.38 vs HKSE:06966: 0.69

China Wan Tong Yuan (Holdings) Equity-to-Asset Historical Data

The historical data trend for China Wan Tong Yuan (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.

China Wan Tong Yuan (Holdings) Equity-to-Asset Chart

China Wan Tong Yuan (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.65

0.67

0.70

0.69

China Wan Tong Yuan (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.67	0.69	0.70	0.70	0.69

Competitive Comparison of China Wan Tong Yuan (Holdings)'s Equity-to-Asset

For the Personal Services subindustry, China Wan Tong Yuan (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.

China Wan Tong Yuan (Holdings)'s Equity-to-Asset Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, China Wan Tong Yuan (Holdings)'s Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Wan Tong Yuan (Holdings)'s Equity-to-Asset falls into.

China Wan Tong Yuan (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.

China Wan Tong Yuan (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
	=	249.156	/	360.517
	=	0.69

China Wan Tong Yuan (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
	=	249.156	/	360.517
	=	0.69

China Wan Tong Yuan (Holdings) (HKSE:06966) 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 Wan Tong Yuan (Holdings) Equity-to-Asset Related Terms

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

China Wan Tong Yuan (Holdings) (HKSE:06966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » China Wan Tong Yuan (Holdings) Ltd (HKSE:06966) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48, Louzhuang Road, Langfang Development Area, Hebei, Langfang, CHN

Website

http://www.chinawty.com

China Wan Tong Yuan (Holdings) Ltd is a burial services provider in Langfang, Hebei Province, China. It offers cemetery services under the brand Wan Tong Yuan and burial services, including traditional and artistic burial services. The group's businesses involve the Sales of burial plots; Sales of columbarium units; Provision of other burial-related services; and Provision of cemetery maintenance services. It derives key revenue from the sales of burial plots. The group operates in the PRC.

Executives

Tai Shing International Investment Company Limited	2101 Beneficial owner
Lily Charm Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhao Ying	2307 Founder of a discretionary trust who can infl
Fairich Trading Limited	2101 Beneficial owner
Xing Junying	2101 Beneficial owner
Zhao Ying

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