China Longyuan Power Group (HKSE:00916) Equity-to-Asset : 0.31 (As of Mar. 2024)

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What is China Longyuan Power Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Longyuan Power Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$79,851 Mil. China Longyuan Power Group's Total Assets for the quarter that ended in Mar. 2024 was HK$257,541 Mil. Therefore, China Longyuan Power Group's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.31.

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

HKSE:00916' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.32 Max: 0.35
Current: 0.31

During the past 13 years, the highest Equity to Asset Ratio of China Longyuan Power Group was 0.35. The lowest was 0.27. And the median was 0.32.

HKSE:00916's Equity-to-Asset is ranked worse than
62.64% of 439 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.39 vs HKSE:00916: 0.31

China Longyuan Power Group Equity-to-Asset Historical Data

The historical data trend for China Longyuan Power 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.

China Longyuan Power Group Equity-to-Asset Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.33

0.31

China Longyuan Power Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.31	0.31	0.31	0.31	0.31

Competitive Comparison of China Longyuan Power Group's Equity-to-Asset

For the Utilities - Renewable subindustry, China Longyuan Power 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.

China Longyuan Power Group's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Longyuan Power Group's Equity-to-Asset distribution charts can be found below:

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

China Longyuan Power 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.

China Longyuan Power 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
	=	77568.467	/	250755.472
	=	0.31

China Longyuan Power Group's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	79850.937	/	257541.482
	=	0.31

China Longyuan Power Group (HKSE:00916) 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 Longyuan Power Group Equity-to-Asset Related Terms

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

China Longyuan Power Group (HKSE:00916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (HKSE:00916) » Definitions » Equity-to-Asset

Traded in Other Exchanges

CLPXY:USA CLPXF:USA 6WX:Germany 001289:China

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.

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