Wing Lee Development Construction Holdings (HKSE:09639) Equity-to-Asset : 0.40 (As of Sep. 2024)

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What is Wing Lee Development Construction Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Wing Lee Development Construction Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was HK$163.1 Mil. Wing Lee Development Construction Holdings's Total Assets for the quarter that ended in Sep. 2024 was HK$407.6 Mil. Therefore, Wing Lee Development Construction Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.40.

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

HKSE:09639' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.29 Med: 0.41 Max: 0.46
Current: 0.4

During the past 3 years, the highest Equity to Asset Ratio of Wing Lee Development Construction Holdings was 0.46. The lowest was 0.29. And the median was 0.41.

HKSE:09639's Equity-to-Asset is ranked worse than
57.4% of 1744 companies
in the Construction industry
Industry Median: 0.45 vs HKSE:09639: 0.40

Wing Lee Development Construction Holdings Equity-to-Asset Historical Data

The historical data trend for Wing Lee Development Construction 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.

Wing Lee Development Construction Holdings Equity-to-Asset Chart

Wing Lee Development Construction Holdings Annual Data

Trend

Mar22

Mar23

Mar24

Equity-to-Asset

0.29

0.46

0.43

Wing Lee Development Construction Holdings Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Equity-to-Asset	0.29	0.46	-	0.43	0.40

Competitive Comparison of Wing Lee Development Construction Holdings's Equity-to-Asset

For the Engineering & Construction subindustry, Wing Lee Development Construction 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.

Wing Lee Development Construction Holdings's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Lee Development Construction Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Wing Lee Development Construction Holdings's Equity-to-Asset falls into.

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Wing Lee Development Construction 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.

Wing Lee Development Construction Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	155.392	/	365.777
	=	0.42

Wing Lee Development Construction Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	163.062	/	407.617
	=	0.40

Wing Lee Development Construction Holdings (HKSE:09639) 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%.

Wing Lee Development Construction Holdings Equity-to-Asset Related Terms

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Wing Lee Development Construction Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Lee Development Construction Holdings Ltd (HKSE:09639) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG

Website

https://www.winglee.com.hk

Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialize in site formation works and road and drainage works, and its electrical cable engineering works specialize in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.

Executives

Chan Lo Man	2201 Interest of corporation controlled by you
Chen Caiyun	2202 Interest of your spouse
Lam Yan Ki Maggie	2202 Interest of your spouse
Liu Ying	2202 Interest of your spouse
Rong Li Lv Se Fa Zhan You Xian Gong Si	2101 Beneficial owner
Yiu Wang Lee	2201 Interest of corporation controlled by you
Yiu Wang Lung	2201 Interest of corporation controlled by you

Wing Lee Development Construction Holdings Headlines

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