Ming Shing Group Holdings (Ming Shing Group Holdings) Equity-to-Asset : 0.03 (As of Sep. 2023)

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What is Ming Shing Group Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ming Shing Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.28 Mil. Ming Shing Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was $8.37 Mil. Therefore, Ming Shing Group Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.03.

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

MSW's Equity-to-Asset is not ranked ^*
in the Construction industry.
Industry Median: 0.45
* Ranked among companies with meaningful Equity-to-Asset only.

Ming Shing Group Holdings Equity-to-Asset Historical Data

The historical data trend for Ming Shing Group 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.

Ming Shing Group Holdings Equity-to-Asset Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

0.19

0.03

0.05

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			-	0.03	0.11	0.05	0.03

Competitive Comparison of Ming Shing Group Holdings's Equity-to-Asset

For the Engineering & Construction subindustry, Ming Shing Group 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.

Ming Shing Group Holdings's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ming Shing Group Holdings's Equity-to-Asset distribution charts can be found below:

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

Ming Shing Group 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.

Ming Shing Group Holdings'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
	=	0.383	/	8.282
	=	0.05

Ming Shing Group Holdings'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
	=	0.278	/	8.374
	=	0.03

Ming Shing Group Holdings (NAS:MSW) 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%.

Ming Shing Group Holdings Equity-to-Asset Related Terms

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

Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

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