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Space Shuttle Hi-Tech Co (TPE:2440) Equity-to-Asset : 0.54 (As of Sep. 2024)


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What is Space Shuttle Hi-Tech Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Space Shuttle Hi-Tech Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NT$1,270 Mil. Space Shuttle Hi-Tech Co's Total Assets for the quarter that ended in Sep. 2024 was NT$2,375 Mil. Therefore, Space Shuttle Hi-Tech Co's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.54.

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

TPE:2440' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.51   Max: 0.66
Current: 0.54

During the past 13 years, the highest Equity to Asset Ratio of Space Shuttle Hi-Tech Co was 0.66. The lowest was 0.40. And the median was 0.51.

TPE:2440's Equity-to-Asset is ranked worse than
53.6% of 3028 companies
in the Industrial Products industry
Industry Median: 0.56 vs TPE:2440: 0.54

Space Shuttle Hi-Tech Co Equity-to-Asset Historical Data

The historical data trend for Space Shuttle 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.

Space Shuttle Hi-Tech Co Equity-to-Asset Chart

Space Shuttle 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 0.45 0.58 0.56 0.66 0.57

Space Shuttle 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 0.59 0.57 0.57 0.54 0.54

Competitive Comparison of Space Shuttle Hi-Tech Co's Equity-to-Asset

For the Electrical Equipment & Parts subindustry, Space Shuttle 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.


Space Shuttle Hi-Tech Co's Equity-to-Asset Distribution in the Industrial Products Industry

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

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



Space Shuttle 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.

Space Shuttle 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
=1232.829/2169.823
=0.57

Space Shuttle 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
=1270.155/2374.912
=0.53

* 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.


Space Shuttle Hi-Tech Co  (TPE:2440) 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%.


Space Shuttle Hi-Tech Co Equity-to-Asset Related Terms

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Space Shuttle Hi-Tech Co Business Description

Traded in Other Exchanges
N/A
Address
9th floor-2, Number 23, Huanke 1ST Road, Zhubei City, Hsin-chu Hsien, TWN
Space Shuttle Hi-Tech Co Ltd is engaged in the reprocessing of copper and the manufacturing and sales of information transmission cables. The company generates the majority of its revenues from the re-processing and re-manufacturing of various copper materials, the production and sales of information transmission wires, and the manufacturing and sales of related products. The company mainly operates in Asia, hence all the revenues come from Asia itself.

Space Shuttle Hi-Tech Co Headlines

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