J-Long Group (J-Long Group) Equity-to-Asset : 0.55 (As of Mar. 2023)

View and export this data going back to 2024. Start your Free Trial

What is J-Long Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. J-Long Group's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $11.35 Mil. J-Long Group's Total Assets for the quarter that ended in Mar. 2023 was $20.61 Mil. Therefore, J-Long Group's Equity to Asset Ratio for the quarter that ended in Mar. 2023 was 0.55.

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

JL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36 Med: 0.37 Max: 0.55
Current: 0.55

During the past 3 years, the highest Equity to Asset Ratio of J-Long Group was 0.55. The lowest was 0.36. And the median was 0.37.

JL's Equity-to-Asset is ranked better than
54.12% of 1081 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs JL: 0.55

J-Long Group Equity-to-Asset Historical Data

The historical data trend for J-Long 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.

J-Long Group Equity-to-Asset Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

0.36

0.37

0.55

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Equity-to-Asset	0.36	0.37	0.55

Competitive Comparison of J-Long Group's Equity-to-Asset

For the Apparel Manufacturing subindustry, J-Long 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.

J-Long Group's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, J-Long Group's Equity-to-Asset distribution charts can be found below:

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

J-Long 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.

J-Long 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
	=	11.348	/	20.606
	=	0.55

J-Long Group's Equity to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Equity to Asset (Q: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	11.348	/	20.606
	=	0.55

J-Long Group (NAS:JL) 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%.

J-Long Group Equity-to-Asset Related Terms

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

J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

From GuruFocus

J-Long Group Limited Receives Nasdaq Deficiency Notice Regarding Minimum Bid Price Requirement

By Marketwired • 05-16-2024