Chongqing Xishan Science and Technology Co (SHSE:688576) Equity-to-Asset : 0.95 (As of Mar. 2024)

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What is Chongqing Xishan Science and Technology Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Chongqing Xishan Science and Technology Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,127.7 Mil. Chongqing Xishan Science and Technology Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,241.6 Mil. Therefore, Chongqing Xishan Science and Technology Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.95.

The historical rank and industry rank for Chongqing Xishan Science and Technology Co's Equity-to-Asset or its related term are showing as below:

SHSE:688576' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.19 Med: 0.82 Max: 0.96
Current: 0.95

During the past 7 years, the highest Equity to Asset Ratio of Chongqing Xishan Science and Technology Co was 0.96. The lowest was -0.19. And the median was 0.82.

SHSE:688576's Equity-to-Asset is ranked better than
98.27% of 866 companies
in the Medical Devices & Instruments industry
Industry Median: 0.64 vs SHSE:688576: 0.95

Chongqing Xishan Science and Technology Co Equity-to-Asset Historical Data

The historical data trend for Chongqing Xishan Science and Technology 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.

Chongqing Xishan Science and Technology Co Equity-to-Asset Chart

Chongqing Xishan Science and Technology Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

-0.19

0.55

0.81

0.78

0.93

Chongqing Xishan Science and Technology Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial										0.83	0.96	0.96	0.93	0.95

Competitive Comparison of Chongqing Xishan Science and Technology Co's Equity-to-Asset

For the Medical Instruments & Supplies subindustry, Chongqing Xishan Science and Technology 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.

Chongqing Xishan Science and Technology Co's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Chongqing Xishan Science and Technology Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Chongqing Xishan Science and Technology Co's Equity-to-Asset falls into.

Chongqing Xishan Science and Technology 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.

Chongqing Xishan Science and Technology 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
	=	2160.657	/	2318.066
	=	0.93

Chongqing Xishan Science and Technology 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
	=	2127.739	/	2241.625
	=	0.95

Chongqing Xishan Science and Technology Co (SHSE:688576) 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%.

Chongqing Xishan Science and Technology Co Equity-to-Asset Related Terms

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Chongqing Xishan Science and Technology Co (SHSE:688576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Chongqing Xishan Science and Technology Co Ltd (SHSE:688576) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Middle Section of Huangshan Avenue, Jupiter Science and Technology Development Center, High-tech Park, North New District, Chongqing, CHN, 401121

Website

https://www.xishantech.com.cn

Chongqing Xishan Science and Technology Co Ltd focuses on surgical instruments, especially in the field of minimally invasive surgical instruments. It is mainly engaged in the research, development, production and sales of minimally invasive surgical instruments. Speculum, energy surgery equipment and other products, currently the products are mainly used in neurosurgery, ENT, orthopedics, breast surgery and other clinical departments. The company's main products are surgical power units, consumables and accessories, which are mainly used for cutting, grinding, planing, sawing, milling and trimming of bone tissue and soft tissue in surgical operations, especially minimally invasive surgical operations.

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