Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Equity-to-Asset : 0.57 (As of Jun. 2024)

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What is Shenzhen UTIMES Intelligent Equipment Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shenzhen UTIMES Intelligent Equipment Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ¥1,070.7 Mil. Shenzhen UTIMES Intelligent Equipment Co's Total Assets for the quarter that ended in Jun. 2024 was ¥1,865.5 Mil. Therefore, Shenzhen UTIMES Intelligent Equipment Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.57.

The historical rank and industry rank for Shenzhen UTIMES Intelligent Equipment Co's Equity-to-Asset or its related term are showing as below:

SHSE:688638' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.19 Max: 0.57
Current: 0.57

During the past 5 years, the highest Equity to Asset Ratio of Shenzhen UTIMES Intelligent Equipment Co was 0.57. The lowest was 0.15. And the median was 0.19.

SHSE:688638's Equity-to-Asset is ranked better than
52.97% of 3043 companies
in the Industrial Products industry
Industry Median: 0.56 vs SHSE:688638: 0.57

Shenzhen UTIMES Intelligent Equipment Co Equity-to-Asset Historical Data

The historical data trend for Shenzhen UTIMES Intelligent Equipment 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.

Shenzhen UTIMES Intelligent Equipment Co Equity-to-Asset Chart

Shenzhen UTIMES Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.16

0.21

0.20

0.17

0.55

Shenzhen UTIMES Intelligent Equipment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Equity-to-Asset	Get a 7-Day Free Trial									0.18	0.44	0.55	0.57	0.57

Competitive Comparison of Shenzhen UTIMES Intelligent Equipment Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Shenzhen UTIMES Intelligent Equipment 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.

Shenzhen UTIMES Intelligent Equipment Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen UTIMES Intelligent Equipment Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Shenzhen UTIMES Intelligent Equipment Co's Equity-to-Asset falls into.

Shenzhen UTIMES Intelligent Equipment 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.

Shenzhen UTIMES Intelligent Equipment 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
	=	1118.881	/	2054.302
	=	0.54

Shenzhen UTIMES Intelligent Equipment Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	1070.74	/	1865.533
	=	0.57

Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) 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%.

Shenzhen UTIMES Intelligent Equipment Co Equity-to-Asset Related Terms

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Shenzhen UTIMES Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen UTIMES Intelligent Equipment Co Ltd (SHSE:688638) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, Xinhe Avenue, Floor 1-6, Building M, Licheng Science and Technology Industrial Park, Gonghe Community, Baoan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.utimes.cn

Shenzhen UTIMES Intelligent Equipment Co Ltd is engaged in research & development, production and sales of non-standard automated intelligent assembly equipment and testing equipment. The company's main products are lithium-ion battery intelligent equipment and consumer electronics intelligent manufacturing equipment, which can be widely used in the intelligent production and manufacturing of products in multiple fields such as new energy, automotive electronics, and consumer electronics.

Shenzhen UTIMES Intelligent Equipment Co Headlines

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