ICT Zone Asia Bhd (XKLS:03038) Equity-to-Asset : 0.31 (As of Jul. 2024)

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What is ICT Zone Asia Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ICT Zone Asia Bhd's Total Stockholders Equity for the quarter that ended in Jul. 2024 was RM65.3 Mil. ICT Zone Asia Bhd's Total Assets for the quarter that ended in Jul. 2024 was RM212.8 Mil. Therefore, ICT Zone Asia Bhd's Equity to Asset Ratio for the quarter that ended in Jul. 2024 was 0.31.

The historical rank and industry rank for ICT Zone Asia Bhd's Equity-to-Asset or its related term are showing as below:

XKLS:03038' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.41 Max: 0.56
Current: 0.31

During the past 6 years, the highest Equity to Asset Ratio of ICT Zone Asia Bhd was 0.56. The lowest was 0.21. And the median was 0.41.

XKLS:03038's Equity-to-Asset is ranked worse than
75.84% of 2852 companies
in the Software industry
Industry Median: 0.55 vs XKLS:03038: 0.31

ICT Zone Asia Bhd Equity-to-Asset Historical Data

The historical data trend for ICT Zone Asia Bhd'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.

ICT Zone Asia Bhd Equity-to-Asset Chart

ICT Zone Asia Bhd Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Equity-to-Asset

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0.33

0.53

0.49

0.41

0.32

ICT Zone Asia Bhd Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Equity-to-Asset	Get a 7-Day Free Trial							0.42	0.41	0.28	0.32	0.31

Competitive Comparison of ICT Zone Asia Bhd's Equity-to-Asset

For the Information Technology Services subindustry, ICT Zone Asia Bhd'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.

ICT Zone Asia Bhd's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, ICT Zone Asia Bhd's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where ICT Zone Asia Bhd's Equity-to-Asset falls into.

ICT Zone Asia Bhd 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.

ICT Zone Asia Bhd's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Equity to Asset (A: Jan. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	60.891	/	191.61
	=	0.32

ICT Zone Asia Bhd's Equity to Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

Equity to Asset (Q: Jul. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	65.258	/	212.764
	=	0.31

ICT Zone Asia Bhd (XKLS:03038) 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%.

ICT Zone Asia Bhd Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of ICT Zone Asia Bhd's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

ICT Zone Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICT Zone Asia Bhd (XKLS:03038) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

03038P.PFD:Malaysia

Address

Jalan Ampang Putra, Ground Floor, Block H, Excella Business Park, Wilayah Persekutuan, Ampang, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.ictzone.asia

ICT Zone Asia Bhd is an investment holding company. It operates in the following segments: Leasing, which involves the operating lease of ICT hardware and software without services as well as disposal of assets returned at the end of the operating lease; Trading includes outright sales of ICT hardware and software; Service segment includes the provision of ICT services that comprise of corrective and preventative maintenance; Rental segment includes rental of ICT hardware and software inclusive of corrective and preventative maintenance; and Cloud solution and service.

ICT Zone Asia Bhd Headlines

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