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Kinik Co (TPE:1560) Equity-to-Asset : 0.55 (As of Mar. 2024)


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What is Kinik Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kinik Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$5,853 Mil. Kinik Co's Total Assets for the quarter that ended in Mar. 2024 was NT$10,610 Mil. Therefore, Kinik Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.55.

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

TPE:1560' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46   Med: 0.62   Max: 0.78
Current: 0.55

During the past 13 years, the highest Equity to Asset Ratio of Kinik Co was 0.78. The lowest was 0.46. And the median was 0.62.

TPE:1560's Equity-to-Asset is ranked worse than
51.3% of 3035 companies
in the Industrial Products industry
Industry Median: 0.56 vs TPE:1560: 0.55

Kinik Co Equity-to-Asset Historical Data

The historical data trend for Kinik 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.

Kinik Co Equity-to-Asset Chart

Kinik 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 0.54 0.47 0.47 0.60 0.63

Kinik Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.61 0.56 0.60 0.63 0.55

Competitive Comparison of Kinik Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Kinik 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.


Kinik Co's Equity-to-Asset Distribution in the Industrial Products Industry

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

* The bar in red indicates where Kinik Co's Equity-to-Asset falls into.



Kinik 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.

Kinik 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
=6168.368/9862.953
=0.63

Kinik Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=5852.825/10609.633
=0.55

* 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.


Kinik Co  (TPE:1560) 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%.


Kinik Co Equity-to-Asset Related Terms

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Kinik Co (TPE:1560) Business Description

Traded in Other Exchanges
N/A
Address
10, Yenping South Road, Taipei, TWN, 10043
Kinik is a Taiwan-based company that primarily manufactures and distributes grinding wheels, diamond tools, and reclaimed wafers. The company's products fall into three categories. The traditional product type comprises a wide range of grinding wheels used in machinery components, steelmaking, modules, semiconductor, glass manufacturing, and others. The diamond tool category comprises various blade products, cutters, diamond dressers, and other products, which are used in stone processing and semiconductor dressing applications. The wafer product category primarily consists of wafers resourced from monitor wafters and dummy wafers. Wafer reclamation helps lower costs of factory. Kinik generates the majority of its revenue from the Taiwan domestic market.

Kinik Co (TPE:1560) Headlines

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