Northeast Electrical Development Co (HKSE:00042) Liabilities-to-Assets : 2.10 (As of Dec. 2023)

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What is Northeast Electrical Development Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Northeast Electrical Development Co's Total Liabilities for the quarter that ended in Dec. 2023 was HK$416.5 Mil. Northeast Electrical Development Co's Total Assets for the quarter that ended in Dec. 2023 was HK$198.6 Mil. Therefore, Northeast Electrical Development Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 2.10.

Northeast Electrical Development Co Liabilities-to-Assets Historical Data

The historical data trend for Northeast Electrical Development Co's Liabilities-to-Assets 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.

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Northeast Electrical Development Co Liabilities-to-Assets Chart

Northeast Electrical Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

Get a 7-Day Free Trial

1.11

2.17

1.85

2.05

2.10

Northeast Electrical Development Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial															2.04	2.00	2.05	2.26	2.10

Competitive Comparison of Northeast Electrical Development Co's Liabilities-to-Assets

For the Lodging subindustry, Northeast Electrical Development Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Northeast Electrical Development Co's Liabilities-to-Assets Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Northeast Electrical Development Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Northeast Electrical Development Co's Liabilities-to-Assets falls into.

Northeast Electrical Development Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Northeast Electrical Development Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	416.463	/	198.554
	=	2.10

Northeast Electrical Development Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	416.463	/	198.554
	=	2.10

Northeast Electrical Development Co (HKSE:00042) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Northeast Electrical Development Co Liabilities-to-Assets Related Terms

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Northeast Electrical Development Co (HKSE:00042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Northeast Electrical Development Co Ltd (HKSE:00042) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7 Guoxing Road, Meilan District, 22nd Floor, HNA Plaza, Hainan Province, Haikou, CHN, 570203

Website

https://www.neeq.com.cn

Northeast Electrical Development Co Ltd is mainly engaged in the R&D, design, production and sales businesses of products related to power transmission and transformation equipment as well as hotel catering and accommodation services. The products offered by the company include enclosed busbars which are applied to the power system field and are used to enhance transmission capacity of power transmission lines and support transmission of the high-power electric energy.

Executives

Ci Hang Dong Xi Fang Wen Jiao Jiao Liu Ji Jin Hui You Xian Gong Si

2201 Interest of corporation controlled by you

Northeast Electrical Development Co (HKSE:00042) Headlines

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