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Cryomax Cooling System (TPE:1587) Equity-to-Asset : 0.41 (As of Mar. 2024)


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What is Cryomax Cooling System Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cryomax Cooling System's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,375 Mil. Cryomax Cooling System's Total Assets for the quarter that ended in Mar. 2024 was NT$3,395 Mil. Therefore, Cryomax Cooling System's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.41.

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

TPE:1587' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41   Med: 0.45   Max: 0.52
Current: 0.41

During the past 13 years, the highest Equity to Asset Ratio of Cryomax Cooling System was 0.52. The lowest was 0.41. And the median was 0.45.

TPE:1587's Equity-to-Asset is ranked worse than
59.32% of 1320 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TPE:1587: 0.41

Cryomax Cooling System Equity-to-Asset Historical Data

The historical data trend for Cryomax Cooling System'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.

Cryomax Cooling System Equity-to-Asset Chart

Cryomax Cooling System 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 0.47 0.48 0.43 0.44 0.41

Cryomax Cooling System 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 0.42 0.41 0.41 0.41 0.41

Competitive Comparison of Cryomax Cooling System's Equity-to-Asset

For the Auto Parts subindustry, Cryomax Cooling System'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.


Cryomax Cooling System's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cryomax Cooling System's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Cryomax Cooling System's Equity-to-Asset falls into.



Cryomax Cooling System 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.

Cryomax Cooling System'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
=1372.006/3334.349
=0.41

Cryomax Cooling System'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
=1375.422/3394.961
=0.41

* 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.


Cryomax Cooling System  (TPE:1587) 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%.


Cryomax Cooling System Equity-to-Asset Related Terms

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Cryomax Cooling System (TPE:1587) Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Gongqu Road, Fangyuan Industrial Park, Houliao Village, Fangyuan Township, Changhua, TWN
Cryomax Cooling System Corp is engaged in the manufacturing, processing, trading, and exporting of metal water tanks for various vehicles. The company primarily provides automobile cooling system products, including automobile water tanks, intercoolers, oil coolers, and condensers, as well as components for automobile cooling systems, including sinks, fixed plates, cores, and sealing gaskets, among others. Its products are applied in minibusses, light trucks, trucks, generators, and off-road vehicles, among others.

Cryomax Cooling System (TPE:1587) Headlines

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