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JiangSu JiuWu Hi-Tech Co (SZSE:300631) Equity-to-Asset : 0.67 (As of Sep. 2024)


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What is JiangSu JiuWu Hi-Tech Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. JiangSu JiuWu Hi-Tech Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ¥1,204.3 Mil. JiangSu JiuWu Hi-Tech Co's Total Assets for the quarter that ended in Sep. 2024 was ¥1,807.3 Mil. Therefore, JiangSu JiuWu Hi-Tech Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.67.

The historical rank and industry rank for JiangSu JiuWu Hi-Tech Co's Equity-to-Asset or its related term are showing as below:

SZSE:300631' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.53   Med: 0.66   Max: 0.77
Current: 0.67

During the past 13 years, the highest Equity to Asset Ratio of JiangSu JiuWu Hi-Tech Co was 0.77. The lowest was 0.53. And the median was 0.66.

SZSE:300631's Equity-to-Asset is ranked better than
68.67% of 3026 companies
in the Industrial Products industry
Industry Median: 0.56 vs SZSE:300631: 0.67

JiangSu JiuWu Hi-Tech Co Equity-to-Asset Historical Data

The historical data trend for JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech Co Equity-to-Asset Chart

JiangSu JiuWu Hi-Tech 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 0.53 0.58 0.71 0.66 0.64

JiangSu JiuWu Hi-Tech 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 0.63 0.64 0.67 0.68 0.67

Competitive Comparison of JiangSu JiuWu Hi-Tech Co's Equity-to-Asset

For the Metal Fabrication subindustry, JiangSu JiuWu Hi-Tech 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.


JiangSu JiuWu Hi-Tech Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu JiuWu Hi-Tech Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where JiangSu JiuWu Hi-Tech Co's Equity-to-Asset falls into.



JiangSu JiuWu Hi-Tech 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.

JiangSu JiuWu Hi-Tech 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
=1219.884/1893.032
=0.64

JiangSu JiuWu Hi-Tech 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
=1204.327/1807.347
=0.67

* 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.


JiangSu JiuWu Hi-Tech Co  (SZSE:300631) 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%.


JiangSu JiuWu Hi-Tech Co Equity-to-Asset Related Terms

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JiangSu JiuWu Hi-Tech Co Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808
JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.
Executives
Jin Xin Lei Executives
Pan Suo Liang Executives
Cheng Heng Directors, Directors, and Executives
Wei Xu Executives
Wang Xiao Hu Executives
Yang Ji Heng Executives
Liu Fei Director
Fang Qiu Executives
Sun Jian Director
Dang Jian Bing Director

JiangSu JiuWu Hi-Tech Co Headlines

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