Far East Bio Tec Co (ROCO:6886) Equity-to-Asset : 0.86 (As of Dec. 2023)

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What is Far East Bio Tec Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Far East Bio Tec Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$488.6 Mil. Far East Bio Tec Co's Total Assets for the quarter that ended in Dec. 2023 was NT$569.5 Mil. Therefore, Far East Bio Tec Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.86.

The historical rank and industry rank for Far East Bio Tec Co's Equity-to-Asset or its related term are showing as below:

ROCO:6886' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.79 Med: 0.79 Max: 0.86
Current: 0.86

During the past 4 years, the highest Equity to Asset Ratio of Far East Bio Tec Co was 0.86. The lowest was 0.79. And the median was 0.79.

ROCO:6886's Equity-to-Asset is ranked better than
92.61% of 1935 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs ROCO:6886: 0.86

Far East Bio Tec Co Equity-to-Asset Historical Data

The historical data trend for Far East Bio Tec Co'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.

Far East Bio Tec Co Equity-to-Asset Chart

Far East Bio Tec Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.80

0.79

0.86

Far East Bio Tec Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.79	0.81	0.79	0.72	0.86

Competitive Comparison of Far East Bio Tec Co's Equity-to-Asset

For the Packaged Foods subindustry, Far East Bio Tec Co'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.

Far East Bio Tec Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Far East Bio Tec Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Far East Bio Tec Co's Equity-to-Asset falls into.

Far East Bio Tec Co 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.

Far East Bio Tec Co'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
	=	488.625	/	569.487
	=	0.86

Far East Bio Tec Co'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
	=	488.625	/	569.487
	=	0.86

Far East Bio Tec Co (ROCO:6886) 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%.

Far East Bio Tec Co Equity-to-Asset Related Terms

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Far East Bio Tec Co (ROCO:6886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Far East Bio Tec Co Ltd (ROCO:6886) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3. Yuan Chui Street, Room A, 13th Floor, Nan-Gang District, Taipei, TWN, 115

Website

https://www.febico.com.tw

Far East Bio Tec Co Ltd is a manufacturer of Organic Spirulina, Organic Chlorella, Spirulina natural, and Chlorella natural, nutritional supplements. The firm uses fermentation facilities to produce high-quality nattokinase and spore-forming probiotics. Its products comprise products Organic Spirulina, Organic Chlorella, Chlorella Growth Factor, Phycocyanin, Nattokinase, Lactobacillus sporogenes probiotics, Apogen Microalgae Protein, DHA Algae Oil.

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