Zhongsheng Group Holdings (HKSE:00881) Equity-to-Asset

: 0.44 (As of Jun. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Zhongsheng Group Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$47,741 Mil. Zhongsheng Group Holdings's Total Assets for the quarter that ended in Jun. 2023 was HK$108,269 Mil. Therefore, Zhongsheng Group Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.44.

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

HKSE:00881' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.33 Max: 0.48
Current: 0.44

During the past 13 years, the highest Equity to Asset Ratio of Zhongsheng Group Holdings was 0.48. The lowest was 0.25. And the median was 0.33.

HKSE:00881's Equity-to-Asset is ranked worse than
54.85% of 1309 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs HKSE:00881: 0.44

Zhongsheng Group Holdings Equity-to-Asset Historical Data

The historical data trend for Zhongsheng Group Holdings'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.

Zhongsheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.35

0.39

0.47

0.48

0.44

Zhongsheng Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.47	0.47	0.48	0.44	0.44

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Zhongsheng Group Holdings'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.

Zhongsheng Group Holdings Equity-to-Asset Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongsheng Group Holdings's Equity-to-Asset distribution charts can be found below:

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

Zhongsheng Group Holdings 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.

Zhongsheng Group Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	48869.005	/	102547.264
	=	0.48

Zhongsheng Group Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	47741.349	/	108269.214
	=	0.44

Zhongsheng Group Holdings (HKSE:00881) 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%.

Zhongsheng Group Holdings Equity-to-Asset Related Terms

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Zhongsheng Group Holdings (HKSE:00881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongsheng Group Holdings Ltd (HKSE:00881) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

ZSHGY:USA 5Z0:Germany

Address

No. 20 Hequ Street, Shahekou District, Dalian, CHN, 116000

Website

https://www.zs-group.com.cn

Zhongsheng Group Holdings Ltd is an automobile dealer in China. The company is focused on luxury and mid-to-high end automobile brands including luxury brands of Mercedes-Benz, Lexus and Audi, Porsche and Landrover, and mid-to-high end brands of Toyota, Nissan, and Volkswagen, Chrysler. It provides sales and services for motor vehicles.

Zhongsheng Group Holdings (HKSE:00881) Headlines

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