Finet Group (HKSE:08317) Equity-to-Asset : 0.81 (As of Sep. 2023)

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What is Finet Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Finet Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$54.07 Mil. Finet Group's Total Assets for the quarter that ended in Sep. 2023 was HK$66.85 Mil. Therefore, Finet Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.81.

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

HKSE:08317' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.59 Max: 0.81
Current: 0.81

During the past 13 years, the highest Equity to Asset Ratio of Finet Group was 0.81. The lowest was 0.34. And the median was 0.59.

HKSE:08317's Equity-to-Asset is ranked better than
89.08% of 1090 companies
in the Business Services industry
Industry Median: 0.495 vs HKSE:08317: 0.81

Finet Group Equity-to-Asset Historical Data

The historical data trend for Finet 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.

Finet Group Equity-to-Asset Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.64

0.57

0.42

0.60

0.42

Finet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.58	-	0.42	-	0.81

Competitive Comparison of Finet Group's Equity-to-Asset

For the Specialty Business Services subindustry, Finet 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.

Finet Group's Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finet Group's Equity-to-Asset distribution charts can be found below:

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

Finet 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.

Finet Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	25.746	/	62.1
	=	0.41

Finet Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	54.07	/	66.846
	=	0.81

Finet Group (HKSE:08317) 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%.

Finet Group Equity-to-Asset Related Terms

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

Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

Finet Group (HKSE:08317) Headlines

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