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Asiainfo Security Technologies Co (SHSE:688225) Equity-to-Asset : 0.60 (As of Mar. 2024)


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What is Asiainfo Security Technologies Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Asiainfo Security Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,991 Mil. Asiainfo Security Technologies Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,316 Mil. Therefore, Asiainfo Security Technologies Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.60.

The historical rank and industry rank for Asiainfo Security Technologies Co's Equity-to-Asset or its related term are showing as below:

SHSE:688225' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32   Med: 0.61   Max: 0.74
Current: 0.6

During the past 7 years, the highest Equity to Asset Ratio of Asiainfo Security Technologies Co was 0.74. The lowest was 0.32. And the median was 0.61.

SHSE:688225's Equity-to-Asset is ranked better than
57.41% of 2846 companies
in the Software industry
Industry Median: 0.55 vs SHSE:688225: 0.60

Asiainfo Security Technologies Co Equity-to-Asset Historical Data

The historical data trend for Asiainfo Security Technologies 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.

Asiainfo Security Technologies Co Equity-to-Asset Chart

Asiainfo Security Technologies Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.48 0.58 0.59 0.72 0.62

Asiainfo Security Technologies Co Quarterly Data
Dec17 Dec18 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.72 0.73 0.62 0.60

Competitive Comparison of Asiainfo Security Technologies Co's Equity-to-Asset

For the Information Technology Services subindustry, Asiainfo Security Technologies 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.


Asiainfo Security Technologies Co's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Asiainfo Security Technologies Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Asiainfo Security Technologies Co's Equity-to-Asset falls into.



Asiainfo Security Technologies 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.

Asiainfo Security Technologies 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
=2117.938/3400.977
=0.62

Asiainfo Security Technologies Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=1990.833/3315.506
=0.60

* 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.


Asiainfo Security Technologies Co  (SHSE:688225) 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%.


Asiainfo Security Technologies Co Equity-to-Asset Related Terms

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Asiainfo Security Technologies Co (SHSE:688225) Business Description

Traded in Other Exchanges
N/A
Address
No. 98, Huashen Avenue, Building 01, Yuhuatai District, Jiangsu Province, Nanjing, CHN, 100089
Asiainfo Security Technologies Co Ltd is a leader in China's network security software field, and a network security company that knows the Internet and the cloud in the industry.

Asiainfo Security Technologies Co (SHSE:688225) Headlines

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