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Hebei Yichen Industrial Group (HKSE:01596) Equity-to-Asset : 0.69 (As of Jun. 2023)


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What is Hebei Yichen Industrial Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hebei Yichen Industrial Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$2,605 Mil. Hebei Yichen Industrial Group's Total Assets for the quarter that ended in Jun. 2023 was HK$3,765 Mil. Therefore, Hebei Yichen Industrial Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.69.

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

HKSE:01596' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43   Med: 0.69   Max: 0.73
Current: 0.72

During the past 11 years, the highest Equity to Asset Ratio of Hebei Yichen Industrial Group was 0.73. The lowest was 0.43. And the median was 0.69.

HKSE:01596's Equity-to-Asset is ranked better than
84.36% of 978 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:01596: 0.72

Hebei Yichen Industrial Group Equity-to-Asset Historical Data

The historical data trend for Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group Equity-to-Asset Chart

Hebei Yichen Industrial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.73 0.73 0.68 0.72

Hebei Yichen Industrial Group Semi-Annual Data
Dec13 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 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 0.73 0.69 0.68 0.69 0.72

Competitive Comparison of Hebei Yichen Industrial Group's Equity-to-Asset

For the Railroads subindustry, Hebei Yichen Industrial 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.


Hebei Yichen Industrial Group's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Equity-to-Asset distribution charts can be found below:

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



Hebei Yichen Industrial 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.

Hebei Yichen Industrial Group'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
=2748.214/4015.067
=0.68

Hebei Yichen Industrial Group'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
=2605.482/3765.079
=0.69

* 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.


Hebei Yichen Industrial Group  (HKSE:01596) 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%.


Hebei Yichen Industrial Group Equity-to-Asset Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Traded in Other Exchanges
Address
No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN
Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

Hebei Yichen Industrial Group (HKSE:01596) Headlines

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