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Cheche Group (Cheche Group) Equity-to-Asset : -1.77 (As of Dec. 2022)


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What is Cheche Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cheche Group's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $-180.8 Mil. Cheche Group's Total Assets for the quarter that ended in Dec. 2022 was $102.2 Mil. Therefore, Cheche Group's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was -1.77.

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

CCG' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.77   Med: -1.16   Max: 0.42
Current: 0.42

During the past 3 years, the highest Equity to Asset Ratio of Cheche Group was 0.42. The lowest was -1.77. And the median was -1.16.

CCG's Equity-to-Asset is ranked worse than
75.54% of 597 companies
in the Interactive Media industry
Industry Median: 0.64 vs CCG: 0.42

Cheche Group Equity-to-Asset Historical Data

The historical data trend for Cheche Group'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.

Cheche Group Equity-to-Asset Chart

Cheche Group Annual Data
Trend Dec21 Dec22 Dec23
Equity-to-Asset
-1.16 -1.77 0.42

Cheche Group Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Dec23
Equity-to-Asset - -1.16 -1.36 -1.77 0.42

Competitive Comparison of Cheche Group's Equity-to-Asset

For the Internet Content & Information subindustry, Cheche Group'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.


Cheche Group's Equity-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Equity-to-Asset distribution charts can be found below:

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



Cheche Group 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.

Cheche Group'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
=52.965/125.203
=0.42

Cheche Group's Equity to Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

Equity to Asset (Q: Dec. 2022 )=Total Stockholders Equity/Total Assets
=-180.809/102.199
=-1.77

* 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.


Cheche Group  (NAS:CCG) 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%.


Cheche Group Equity-to-Asset Related Terms

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Cheche Group (Cheche Group) Business Description

Traded in Other Exchanges
N/A
Address
13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088
Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines