Central New Energy Holding Group (HKSE:01735) Equity-to-Asset : 0.24 (As of Dec. 2023)

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What is Central New Energy Holding Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Central New Energy Holding Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$851 Mil. Central New Energy Holding Group's Total Assets for the quarter that ended in Dec. 2023 was HK$3,496 Mil. Therefore, Central New Energy Holding Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.24.

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

HKSE:01735' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13 Med: 0.58 Max: 0.91
Current: 0.22

During the past 9 years, the highest Equity to Asset Ratio of Central New Energy Holding Group was 0.91. The lowest was 0.13. And the median was 0.58.

HKSE:01735's Equity-to-Asset is ranked worse than
82.11% of 1677 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01735: 0.22

Central New Energy Holding Group Equity-to-Asset Historical Data

The historical data trend for Central New Energy Holding 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.

Central New Energy Holding Group Equity-to-Asset Chart

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.86

0.59

0.30

0.13

0.24

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.30	0.25	0.13	0.22	0.24

Competitive Comparison of Central New Energy Holding Group's Equity-to-Asset

For the Engineering & Construction subindustry, Central New Energy Holding 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.

Central New Energy Holding Group's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Central New Energy Holding Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Central New Energy Holding Group's Equity-to-Asset falls into.

Central New Energy Holding 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.

Central New Energy Holding 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
	=	850.53	/	3496.284
	=	0.24

Central New Energy Holding Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	850.53	/	3496.284
	=	0.24

Central New Energy Holding Group (HKSE:01735) 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%.

Central New Energy Holding Group Equity-to-Asset Related Terms

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

Central New Energy Holding Group (HKSE:01735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

http://www.chghk.com

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Building works and construction-related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; Property development and investment; Property management; F&B supply chain; Health and wellness; New energy and EPC; and Smart logistic and information system. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

Central New Energy Holding Group (HKSE:01735) Headlines

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