Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tianqi Lithium Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ¥51,520 Mil. Tianqi Lithium Industries's Total Assets for the quarter that ended in Dec. 2023 was ¥73,228 Mil.
Therefore, Tianqi Lithium Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.70.
The historical rank and industry rank for Tianqi Lithium Industries's Equity-to-Asset or its related term are showing as below:
SZSE:002466'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.41 Max: 0.7
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of Tianqi Lithium Industries was 0.70. The lowest was 0.12. And the median was 0.41.
SZSE:002466's Equity-to-Asset is ranked better than 67.83% of 1570
companies
in the Chemicals industry
Industry Median: 0.59
vs SZSE:002466: 0.70
Tianqi Lithium Industries Equity-to-Asset Historical Data
The historical data trend for Tianqi Lithium Industries'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.
Tianqi Lithium Industries Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Equity-to-Asset
0.15
0.12
0.29
0.68
0.70
Tianqi Lithium Industries Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Equity-to-Asset
0.68
0.71
0.67
0.71
0.70
Competitive Comparison
For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.
Tianqi Lithium Industries Equity-to-Asset Distribution
For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium Industries's Equity-to-Asset falls into.
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.
Tianqi Lithium Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
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%.
Tianqi Lithium Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Tianqi Lithium Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tianqi Lithium Industries (SZSE:002466) Business Description
Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
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