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Jin Tong Ling Technology Group Co (SZSE:300091) Equity-to-Asset : 0.36 (As of Sep. 2024)


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What is Jin Tong Ling Technology Group Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Jin Tong Ling Technology Group Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,856 Mil. Jin Tong Ling Technology Group Co's Total Assets for the quarter that ended in Sep. 2024 was ¥5,205 Mil. Therefore, Jin Tong Ling Technology Group Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.36.

The historical rank and industry rank for Jin Tong Ling Technology Group Co's Equity-to-Asset or its related term are showing as below:

SZSE:300091' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33   Med: 0.41   Max: 0.51
Current: 0.36

During the past 13 years, the highest Equity to Asset Ratio of Jin Tong Ling Technology Group Co was 0.51. The lowest was 0.33. And the median was 0.41.

SZSE:300091's Equity-to-Asset is ranked worse than
81.41% of 3028 companies
in the Industrial Products industry
Industry Median: 0.56 vs SZSE:300091: 0.36

Jin Tong Ling Technology Group Co Equity-to-Asset Historical Data

The historical data trend for Jin Tong Ling Technology Group 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.

Jin Tong Ling Technology Group Co Equity-to-Asset Chart

Jin Tong Ling Technology Group 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 0.42 0.39 0.47 0.40 0.37

Jin Tong Ling Technology Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.39 0.37 0.37 0.36 0.36

Competitive Comparison of Jin Tong Ling Technology Group Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Jin Tong Ling Technology Group 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.


Jin Tong Ling Technology Group Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jin Tong Ling Technology Group Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Jin Tong Ling Technology Group Co's Equity-to-Asset falls into.



Jin Tong Ling Technology Group 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.

Jin Tong Ling Technology Group 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
=1994.306/5441.617
=0.37

Jin Tong Ling Technology Group Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=1856.01/5205.158
=0.36

* 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.


Jin Tong Ling Technology Group Co  (SZSE:300091) 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%.


Jin Tong Ling Technology Group Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Jin Tong Ling Technology Group Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Jin Tong Ling Technology Group Co Business Description

Traded in Other Exchanges
N/A
Address
Number 135 Middle Zhongxiu Road, Chongchuan District, Jiangsu Province, Nantong, CHN, 226001
Jin Tong Ling Technology Group Co Ltd, formerly Jiangsu Jin Tong Ling Fluid Machinery Technology Co Ltd researches develop, manufactures, sells, and services fluid machinery and compressors primarily in China. The company offers centrifugal air compressors; high-speed single-stage centrifugal and maglev blowers; steam compressors and turbines; turbojets; and multistage centrifugal blowers.
Executives
Chen Da Peng Director
Feng Ming Fei Executives
Cao Xiao Jian Supervisors
Shen Zhi Gang Directors, executives
Jin Zhen Ming Executives
Ji Wei Dong Directors, executives
Ji Wei Directors, executives
Wang Xia Executives
Xu Huan Jun Supervisors
Ou Yang Neng Supervisors
Xu Guo Hua Executives
Feng Lan Jiang Executives
Ma Xiao Kui Supervisors
Qian Jin Lin Executives
Cao Ping Directors, executives

Jin Tong Ling Technology Group Co Headlines

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