Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Literature's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$20,809 Mil. China Literature's Total Assets for the quarter that ended in Dec. 2023 was HK$25,363 Mil.
Therefore, China Literature's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.82.
The historical rank and industry rank for China Literature's Equity-to-Asset or its related term are showing as below:
HKSE:00772'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.73 Max: 0.83
Current: 0.82
During the past 10 years, the highest Equity to Asset Ratio of China Literature was 0.83. The lowest was 0.66. And the median was 0.73.
HKSE:00772's Equity-to-Asset is ranked better than 78.76% of 598
companies
in the Interactive Media industry
Industry Median: 0.64
vs HKSE:00772: 0.82
China Literature Equity-to-Asset Historical Data
The historical data trend for China Literature'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 Literature's Equity-to-Asset
For the Internet Content & Information subindustry, China Literature'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 Literature's Equity-to-Asset Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, China Literature's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China Literature's Equity-to-Asset falls into.
China Literature 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 Literature'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 Literature (HKSE:00772) 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 Literature Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of China Literature's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
China Literature (HKSE:00772) Business Description
China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and others segment includes licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, in-house online games operations.
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