Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CHINA FUND's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $119.15 Mil. CHINA FUND's Total Assets for the quarter that ended in Oct. 2023 was $119.52 Mil.
Therefore, CHINA FUND's Equity to Asset Ratio for the quarter that ended in Oct. 2023 was 1.00.
The historical rank and industry rank for CHINA FUND's Equity-to-Asset or its related term are showing as below:
CHN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.96 Med: 0.97 Max: 1
Current: 1
During the past 7 years, the highest Equity to Asset Ratio of CHINA FUND was 1.00. The lowest was 0.96. And the median was 0.97.
CHN's Equity-to-Asset is ranked better than 99.83% of 1728
companies
in the Asset Management industry
Industry Median: 0.83
vs CHN: 1.00
CHINA FUND Equity-to-Asset Historical Data
The historical data trend for CHINA FUND'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.
Competitive Comparison of CHINA FUND's Equity-to-Asset
For the Asset Management subindustry, CHINA FUND'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 FUND's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, CHINA FUND's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where CHINA FUND's Equity-to-Asset falls into.
CHINA FUND 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 FUND's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
CHINA FUND (NYSE:CHN) 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 FUND Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of CHINA FUND's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CHINA FUND INC is a non-diversified, closed-end management investment company. Its investment objective is a long-term capital appreciation which it seeks to achieve by investing in equity securities with trading in China and outside China. It invests in various industries such as Insurance, Entertainment, Machinery, Electrical Equipment, Beverages, Hotels, Restaurants and Leisure among others.
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