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Shandong Zhonglu Oceanic Fisheries Co (SZSE:200992) Equity-to-Asset : 0.50 (As of Jun. 2024)


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What is Shandong Zhonglu Oceanic Fisheries Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Shandong Zhonglu Oceanic Fisheries Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was HK$1,091 Mil. Shandong Zhonglu Oceanic Fisheries Co's Total Assets for the quarter that ended in Jun. 2024 was HK$2,173 Mil. Therefore, Shandong Zhonglu Oceanic Fisheries Co's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.50.

The historical rank and industry rank for Shandong Zhonglu Oceanic Fisheries Co's Equity-to-Asset or its related term are showing as below:

SZSE:200992' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49   Med: 0.67   Max: 0.75
Current: 0.5

During the past 13 years, the highest Equity to Asset Ratio of Shandong Zhonglu Oceanic Fisheries Co was 0.75. The lowest was 0.49. And the median was 0.67.

SZSE:200992's Equity-to-Asset is ranked worse than
54.98% of 1946 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs SZSE:200992: 0.50

Shandong Zhonglu Oceanic Fisheries Co Equity-to-Asset Historical Data

The historical data trend for Shandong Zhonglu Oceanic Fisheries 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.

Shandong Zhonglu Oceanic Fisheries Co Equity-to-Asset Chart

Shandong Zhonglu Oceanic Fisheries Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.71 0.67 0.54 0.50

Shandong Zhonglu Oceanic Fisheries Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only 0.50 0.49 0.50 0.49 0.50

Competitive Comparison of Shandong Zhonglu Oceanic Fisheries Co's Equity-to-Asset

For the Packaged Foods subindustry, Shandong Zhonglu Oceanic Fisheries 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.


Shandong Zhonglu Oceanic Fisheries Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shandong Zhonglu Oceanic Fisheries Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Shandong Zhonglu Oceanic Fisheries Co's Equity-to-Asset falls into.



Shandong Zhonglu Oceanic Fisheries 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.

Shandong Zhonglu Oceanic Fisheries 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
=1126.149/2240.207
=0.50

Shandong Zhonglu Oceanic Fisheries 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
=1090.985/2172.779
=0.50

* 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.


Shandong Zhonglu Oceanic Fisheries Co  (SZSE:200992) 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%.


Shandong Zhonglu Oceanic Fisheries Co Equity-to-Asset Related Terms

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Shandong Zhonglu Oceanic Fisheries Co Business Description

Traded in Other Exchanges
N/A
Address
No. 29 Miaoling Road, Laoshan District, Shandong Province, Qingdao, CHN, 266061
Shandong Zhonglu Oceanic Fisheries Co Ltd engages in the business of oceanic fishing. It primarily offers tuna and its products. It operates through the following segments: Oceanic Fishing, Vessels Leasing, Aquatic Products Processing, and Others. The company is also involved in the refrigeration, processing, and trading of aquatic products; and vessel leasing, refrigeration transportation, and other businesses. The firm's majority revenue comes from the Aquatic Products Processing segment. Its geographical segments are Japan, America, Russia, the European Union, South Korea, Israel, and other countries.
Executives
Chi Wei Zhen Executives
Jiang Peng Securities Affairs Representative

Shandong Zhonglu Oceanic Fisheries Co Headlines

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