Ming Yuan Cloud Group Holdings (HKSE:00909) Liabilities-to-Assets : 0.16 (As of Dec. 2023)

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What is Ming Yuan Cloud Group Holdings 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. Ming Yuan Cloud Group Holdings's Total Liabilities for the quarter that ended in Dec. 2023 was HK$1,004 Mil. Ming Yuan Cloud Group Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$6,401 Mil. Therefore, Ming Yuan Cloud Group Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.16.

Ming Yuan Cloud Group Holdings Liabilities-to-Assets Historical Data

The historical data trend for Ming Yuan Cloud Group Holdings'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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Ming Yuan Cloud Group Holdings Liabilities-to-Assets Chart

Ming Yuan Cloud Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

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0.78

0.12

0.15

0.18

0.16

Ming Yuan Cloud Group Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial							0.15	0.16	0.18	0.15	0.16

Competitive Comparison of Ming Yuan Cloud Group Holdings's Liabilities-to-Assets

For the Software - Application subindustry, Ming Yuan Cloud Group Holdings'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.

Ming Yuan Cloud Group Holdings's Liabilities-to-Assets Distribution in the Software Industry

For the Software industry and Technology sector, Ming Yuan Cloud Group Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Ming Yuan Cloud Group Holdings's Liabilities-to-Assets falls into.

Ming Yuan Cloud Group Holdings 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.

Ming Yuan Cloud Group Holdings'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
	=	1004.374	/	6401.032
	=	0.16

Ming Yuan Cloud Group Holdings'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
	=	1004.374	/	6401.032
	=	0.16

Ming Yuan Cloud Group Holdings (HKSE:00909) 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.

Ming Yuan Cloud Group Holdings Liabilities-to-Assets Related Terms

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Ming Yuan Cloud Group Holdings (HKSE:00909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ming Yuan Cloud Group Holdings Ltd (HKSE:00909) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

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Address

18 Gaoxin South 4th Road, 501-509, East Block, Nanshan District, Skyworth Semiconductor Design Building, Gaoxin Community, Yuehai Subdistrict, Shenzhen, CHN

Website

https://www.mingyuanyun.com

Ming Yuan Cloud Group Holdings Ltd is a provider of enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. The company's ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalize their business operations. It generates maximum revenue from the SaaS products segment.

Executives

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Gao Yu	2307 Founder of a discretionary trust who can infl
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Mytongrui Holdings Limited	2201 Interest of corporation controlled by you
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Tmf Trust (hk) Limited	2301 Trustee
Jiang Haiyang	2307 Founder of a discretionary trust who can infl
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Chen Xiaohui	2307 Founder of a discretionary trust who can infl
Mindfree Holdings Limited	2201 Interest of corporation controlled by you
Hengxinyuan Investment Limited	2101 Beneficial owner
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Ming Yuan Cloud Group Holdings (HKSE:00909) Headlines

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