CN Asia Bhd (XKLS:7986) Equity-to-Asset: 0.56 (As of Sep. 2025) — 33% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is CN Asia Bhd Equity-to-Asset?

CN Asia Bhd XKLS:7986 Equity-to-Asset is 0.56 as of Sep. 2025, which is 33% below its 10-year median of 0.83. The stock has 7 warning signs investors should review. Among 3,088 Industrial Products companies, CN Asia Bhd ranks better than 50.74% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CN Asia Bhd's Total Stockholders Equity for the quarter that ended in Sep. 2025 was RM22.44 Mil. CN Asia Bhd's Total Assets for the quarter that ended in Sep. 2025 was RM40.12 Mil. Therefore, CN Asia Bhd's Equity to Asset Ratio for the quarter that ended in Sep. 2025 was 0.56.

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

XKLS:7986' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52   Med: 0.83   Max: 0.94
Current: 0.56

During the past 13 years, the highest Equity to Asset Ratio of CN Asia Bhd was 0.94. The lowest was 0.52. And the median was 0.83.

XKLS:7986's Equity-to-Asset is ranked better than
50.74% of 3088 companies
in the Industrial Products industry
Industry Median: 0.56 vs XKLS:7986: 0.56

CN Asia Bhd  (XKLS:7986) 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%.


CN Asia Bhd Equity-to-Asset Related Terms


CN Asia Bhd Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for CN 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.

CN Asia Bhd Equity-to-Asset Chart

CN Asia Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.83 0.85 0.82 0.72

CN Asia Bhd Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.69 0.71 0.65 0.67 0.56

XKLS:7986 vs GEV, ETN, PH: Equity-to-Asset Comparison

For the Specialty Industrial Machinery subindustry, CN 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.


CN Asia Bhd Equity-to-Asset vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, CN Asia Bhd's Equity-to-Asset distribution charts can be found below:

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



CN 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.

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

Equity to Asset (A: Mar. 2024 )=Total Stockholders Equity/Total Assets
=31.955/44.336
=0.72

CN Asia Bhd's Equity to Asset Ratio for the quarter that ended in Sep. 2025 is calculated as

Equity to Asset (Q: Sep. 2025 )=Total Stockholders Equity/Total Assets
=22.438/40.116
=0.56

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.56 mean?
CN Asia Bhd (XKLS:7986) has a Equity-to-Asset of 0.56 as of Sep. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on CN Asia Bhd and its competitors. This is 33% below median its historical median of 0.83. Over the past decade, CN Asia Bhd's Equity-to-Asset has ranged from 0.52 to 0.94. According to the industry distribution chart, CN Asia Bhd ranks #1521 out of 3088 companies in the Industrial Products industry, placing it in the top 49.3%.
Is CN Asia Bhd's Equity-to-Asset too high?
CN Asia Bhd's current Equity-to-Asset of 0.56 is 33% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.94. The Industrial Products industry median Equity-to-Asset is 0.56. CN Asia Bhd's value of 0.56 is 0% at this industry median. Based on the distribution chart, CN Asia Bhd ranks #1521 out of 3088 companies in the Industrial Products industry, which is above the industry midpoint.
How does CN Asia Bhd's Equity-to-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, CN Asia Bhd ranks #1521 out of 3088 companies for Equity-to-Asset. This puts CN Asia Bhd in the upper half of its industry. The industry median Equity-to-Asset is 0.56. CN Asia Bhd's value of 0.56 is 0% at this benchmark. Historically, CN Asia Bhd's own Equity-to-Asset has ranged from 0.52 to 0.94 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.56, CN Asia Bhd has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.56, based on 3,088 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CN Asia Bhd's current Equity-to-Asset of 0.56 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on CN Asia Bhd and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CN Asia Bhd's current Equity-to-Asset is 0.56, which is 33% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CN Asia Bhd stock overvalued right now?
Based on GuruFocus' analysis, CN Asia Bhd (XKLS:7986) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.07 — trading 71.7% below its estimated fair value. The current Equity-to-Asset is 0.56, which is 33% below median its 10-year median of 0.83 and 0% at the Industrial Products industry median of 0.56. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For CN Asia Bhd (XKLS:7986), the current Equity-to-Asset is 0.56 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CN Asia Bhd Business Description

Address Jalan Balakong, Lot 7907, Batu 11, Ground Floor Office Building, Seri Kembangan, SGR, MYS, 43300
CN Asia Corp Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, pipings for the petroleum industry, specialised engineering and fabrication works, and operating as sub-contractors for civil engineering works. The group's operating business segments are: Manufacturing, Investment, Financial Services, and Energy Management. The majority of its revenue is generated from the Manufacturing segment, which manufactures tanks and other related products, and is involved in engineering and fabrication works. Geographically, the group generates maximum revenue from Malaysia, followed by Hong Kong, Singapore, Brunei, and the Philippines.