Qifu Technology (Qifu Technology) Equity-to-Asset

: 0.46 (As of Sep. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Qifu Technology's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $2,885 Mil. Qifu Technology's Total Assets for the quarter that ended in Sep. 2023 was $6,309 Mil. Therefore, Qifu Technology's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.46.

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

QFIN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.44 Max: 0.6
Current: 0.46

During the past 7 years, the highest Equity to Asset Ratio of Qifu Technology was 0.60. The lowest was 0.11. And the median was 0.44.

QFIN's Equity-to-Asset is ranked better than
57.01% of 542 companies
in the Credit Services industry
Industry Median: 0.37 vs QFIN: 0.46

Qifu Technology Equity-to-Asset Historical Data

The historical data trend for Qifu Technology'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.

Qifu Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.60

0.35

0.39

0.45

0.47

Qifu Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.45	0.47	0.48	0.48	0.46

Competitive Comparison

For the Credit Services subindustry, Qifu Technology'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.

Qifu Technology Equity-to-Asset Distribution

For the Credit Services industry and Financial Services sector, Qifu Technology's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Qifu Technology's Equity-to-Asset falls into.

Qifu Technology 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.

Qifu Technology'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
	=	2703.38	/	5786.705
	=	0.47

Qifu Technology's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2884.832	/	6308.537
	=	0.46

Qifu Technology (NAS:QFIN) 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%.

Qifu Technology Equity-to-Asset Related Terms

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Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.