Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Airlines's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$77,292 Mil. China Airlines's Total Assets for the quarter that ended in Mar. 2024 was NT$299,007 Mil.
Therefore, China Airlines's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.26.
The historical rank and industry rank for China Airlines's Equity-to-Asset or its related term are showing as below:
TPE:2610'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.24 Max: 0.27
Current: 0.26
During the past 13 years, the highest Equity to Asset Ratio of China Airlines was 0.27. The lowest was 0.18. And the median was 0.24.
TPE:2610's Equity-to-Asset is ranked worse than 79.75% of 978
companies
in the Transportation industry
Industry Median: 0.49
vs TPE:2610: 0.26
China Airlines Equity-to-Asset Historical Data
The historical data trend for China Airlines'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.
Competitive Comparison of China Airlines's Equity-to-Asset
For the Airlines subindustry, China Airlines'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.
China Airlines's Equity-to-Asset Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, China Airlines's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China Airlines's Equity-to-Asset falls into.
China Airlines 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.
China Airlines's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
China Airlines (TPE:2610) 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%.
China Airlines Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of China Airlines's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the company's revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
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