Viet Nam Airlines JSC (STC:HVN) Equity-to-Asset: 0.14 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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STC:HVN Viet Nam Airlines JSC STC:HVN
82 GF Score
Price ₫20,000.00
GF Value ₫23,292.60
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Viet Nam Airlines JSC Equity-to-Asset?

Viet Nam Airlines JSC STC:HVN -2.68% 82 Equity-to-Asset is 0.14 as of Mar. 2026. GuruFocus rates STC:HVN with a GF Score™ of 82/100 and a GF Value™ of ₫23,292.60 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,022 Transportation companies, Viet Nam Airlines JSC ranks worse than 91.88% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Viet Nam Airlines JSC's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₫10,309,850 Mil. Viet Nam Airlines JSC's Total Assets for the quarter that ended in Mar. 2026 was ₫79,063,570 Mil. Therefore, Viet Nam Airlines JSC's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.14.

The historical rank and industry rank for Viet Nam Airlines JSC's Equity-to-Asset or its related term are showing as below:

STC:HVN' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.3   Med: 0   Max: 0.24
Current: 0.12

During the past 8 years, the highest Equity to Asset Ratio of Viet Nam Airlines JSC was 0.24. The lowest was -0.30. And the median was 0.00.

STC:HVN's Equity-to-Asset is ranked worse than
91.88% of 1022 companies
in the Transportation industry
Industry Median: 0.5 vs STC:HVN: 0.12

Viet Nam Airlines JSC  (STC:HVN) 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%.


Viet Nam Airlines JSC Equity-to-Asset Related Terms


Viet Nam Airlines JSC Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Viet Nam Airlines JSC'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.

Viet Nam Airlines JSC Equity-to-Asset Chart

Viet Nam Airlines JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial 0.01 -0.18 -0.30 -0.16 0.09

Viet Nam Airlines JSC Semi-Annual Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -0.22 -0.19 -0.10 0.09 0.14

STC:HVN vs DAL, UAL, LUV: Equity-to-Asset Comparison

For the Airlines subindustry, Viet Nam Airlines JSC'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.


Viet Nam Airlines JSC Equity-to-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, Viet Nam Airlines JSC's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Viet Nam Airlines JSC's Equity-to-Asset falls into.


STC:HVN
82GF Score
Viet Nam Airlines JSC STC:HVN
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viet Nam Airlines JSC 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.

Viet Nam Airlines JSC's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=5930910.977376/73174881.280887
=0.08

Viet Nam Airlines JSC's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=10309849.82525/79063570.319927
=0.13

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.14 mean?
Viet Nam Airlines JSC (STC:HVN) has a Equity-to-Asset of 0.14 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Viet Nam Airlines JSC and its competitors. According to the industry distribution chart, Viet Nam Airlines JSC ranks #939 out of 1022 companies in the Transportation industry, placing it in the top 91.9%.
Is Viet Nam Airlines JSC's Equity-to-Asset too high?
Viet Nam Airlines JSC's current Equity-to-Asset is 0.14. The Transportation industry median Equity-to-Asset is 0.50. Viet Nam Airlines JSC's value of 0.14 is 72% below this industry median. Based on the distribution chart, Viet Nam Airlines JSC ranks #939 out of 1022 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Viet Nam Airlines JSC has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Airlines JSC's Equity-to-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Viet Nam Airlines JSC ranks #939 out of 1022 companies for Equity-to-Asset. This places Viet Nam Airlines JSC in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Viet Nam Airlines JSC's value of 0.14 is 72% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viet Nam Airlines JSC's current Equity-to-Asset of 0.14 is 72% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Viet Nam Airlines JSC and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Airlines JSC's current Equity-to-Asset is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Airlines JSC stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Airlines JSC (STC:HVN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫23,292.60, compared to a current price of ₫20,000.00 — trading 14.1% below its estimated fair value. The current Equity-to-Asset is 0.14 and 72% below the Transportation industry median of 0.50. Viet Nam Airlines JSC's overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Viet Nam Airlines JSC (STC:HVN), the current Equity-to-Asset is 0.14 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Viet Nam Airlines JSC (STC:HVN) Overvalued in 2026?

Based on GuruFocus' analysis, Viet Nam Airlines JSC stock appears to be undervalued. The current stock price of ₫20,000.00 is trading 14.1% below its estimated GF Value™ of ₫23,292.60. GuruFocus considers Viet Nam Airlines JSC to be Modestly Undervalued.

Key valuation signals for STC:HVN:

  • Equity-to-Asset: 0.14
  • GF Value™: ₫23,292.60 vs. price of ₫20,000.00 (14.1% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 72% below the Transportation median (#939 of 1022)

No single metric tells the full story. See the STC:HVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viet Nam Airlines JSC Business Description

Address Number 200 Nguyen Son, Bo De Ward, Long Bien District, Hanoi, VNM
Viet Nam Airlines JSC is an airline service provider in Vietnam. The company provides air transportation of passengers, air transportation of luggage, cargos, parcels, postal items and mails and activities of general aviation including aerial photography of the terrain, geological surveys and flight calibration of air stations among others.
82GF Score

Get the complete analysis for STC:HVN

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫20,000.00
Price
₫23,292.60
GF Value