Northeast Group Bhd (XKLS:0325) Equity-to-Asset : 0.74 (As of Sep. 2023)

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What is Northeast Group Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northeast Group Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2023 was RM142.74 Mil. Northeast Group Bhd's Total Assets for the quarter that ended in Sep. 2023 was RM192.23 Mil. Therefore, Northeast Group Bhd's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.74.

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

XKLS:0325' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.61 Med: 0.74 Max: 0.74
Current: 0.74

During the past 3 years, the highest Equity to Asset Ratio of Northeast Group Bhd was 0.74. The lowest was 0.61. And the median was 0.74.

XKLS:0325's Equity-to-Asset is ranked better than
76.73% of 2458 companies
in the Hardware industry
Industry Median: 0.57 vs XKLS:0325: 0.74

Northeast Group Bhd Equity-to-Asset Historical Data

The historical data trend for Northeast Group 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.

Northeast Group Bhd Equity-to-Asset Chart

Northeast Group Bhd Annual Data

Trend

Sep21

Sep22

Sep23

Equity-to-Asset

0.61

0.74

Northeast Group Bhd Semi-Annual Data
	Sep21	Sep22	Sep23
Equity-to-Asset	0.61	0.74	0.74

Competitive Comparison of Northeast Group Bhd's Equity-to-Asset

For the Electronic Components subindustry, Northeast Group 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.

Northeast Group Bhd's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Northeast Group Bhd's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Northeast Group Bhd's Equity-to-Asset falls into.

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Northeast Group 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.

Northeast Group Bhd's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	142.743	/	192.226
	=	0.74

Northeast Group Bhd's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	142.743	/	192.226
	=	0.74

Northeast Group Bhd (XKLS:0325) 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%.

Northeast Group Bhd Equity-to-Asset Related Terms

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

Northeast Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northeast Group Bhd (XKLS:0325) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1946, Lorong IKS Bukit Minyak 1, Taman IKS Bukit Minyak, Simpang Ampat, PNG, MYS, 14100

Website

https://www.northeast.my

Northeast Group Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the manufacturing of precision engineering components used in the photonics, E&E, semiconductor, telecommunication and optoelectronics industries. Precision engineering components are parts that are precisely machined in exact and accurate dimensions (i.e. tolerances for variation of up to a single-digit micron range) to be further processed and/or assembled to form end-products by its customers. Geographically, it operates in Malaysia, North America, Europe, Oceania, South America and Other Asian Countries.

Northeast Group Bhd Headlines

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