The historical rank and industry rank for Guangdong Jingyi Metal Co's Equity-to-Asset or its related term are showing as below:
SZSE:002295'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.59 Max: 0.86
Current: 0.66
During the past 13 years, the highest Equity to Asset Ratio of Guangdong Jingyi Metal Co was 0.86. The lowest was 0.41. And the median was 0.59.
SZSE:002295's Equity-to-Asset is ranked better than 67.05% of 3038
companies
in the Industrial Products industry
Industry Median: 0.56
vs SZSE:002295: 0.66
Guangdong Jingyi Metal Co Equity-to-Asset Historical Data
* 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.
Competitive Comparison of Guangdong Jingyi Metal Co's Equity-to-Asset
For the Metal Fabrication subindustry, Guangdong Jingyi Metal 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.
Guangdong Jingyi Metal Co's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Guangdong Jingyi Metal Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Guangdong Jingyi Metal Co's Equity-to-Asset falls into.
Guangdong Jingyi Metal 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.
Guangdong Jingyi Metal Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Guangdong Jingyi Metal Co (SZSE:002295) 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%.
Guangdong Jingyi Metal Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Guangdong Jingyi Metal Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Guangdong Jingyi Metal Co (SZSE:002295) Business Description
Guangdong Jingyi Metal Co Ltd is engaged in the copper processing industry which include precision copper pipe and copper pipe deep processing and supply chain service trade. The products of the company include precision copper tube parts for refrigerator, precision copper pipe parts for gas, and oxygen free copper magnetron for microwave.
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