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China Hongguang Holdings (HKSE:08646) Liabilities-to-Assets : 0.27 (As of Jun. 2024)


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What is China Hongguang 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. China Hongguang Holdings's Total Liabilities for the quarter that ended in Jun. 2024 was HK$129.4 Mil. China Hongguang Holdings's Total Assets for the quarter that ended in Jun. 2024 was HK$481.3 Mil. Therefore, China Hongguang Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 was 0.27.


China Hongguang Holdings Liabilities-to-Assets Historical Data

The historical data trend for China Hongguang 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.

* Premium members only.

China Hongguang Holdings Liabilities-to-Assets Chart

China Hongguang Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.42 0.33 0.38 0.34 0.28

China Hongguang Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.26 - 0.28 0.27

Competitive Comparison of China Hongguang Holdings's Liabilities-to-Assets

For the Building Products & Equipment subindustry, China Hongguang 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.


China Hongguang Holdings's Liabilities-to-Assets Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Hongguang Holdings's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where China Hongguang Holdings's Liabilities-to-Assets falls into.



China Hongguang 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.

China Hongguang 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
=132.453/480.184
=0.28

China Hongguang Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 is calculated as

Liabilities-to-Assets (Q: Jun. 2024 )=Total Liabilities/Total Assets
=129.436/481.274
=0.27

* 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 Hongguang Holdings  (HKSE:08646) 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.


China Hongguang Holdings Liabilities-to-Assets Related Terms

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China Hongguang Holdings Business Description

Traded in Other Exchanges
N/A
Address
Eastside of Middle of Rongchi Road, Xianqiao, Rongcheng, Guangdong Province, Jieyang, CHN
China Hongguang Holdings Ltd is engaged in the manufacturing and sales of glass products in the PRC. The company offers two categories of architectural glass products under its own Hong Guang brand which includes energy-efficient safety glass products and smart glass products. Its energy-efficient safety glass products include coated glass, insulating glass, laminated glass, and tempered glass; and smart glass product is mainly dimming glass. It has only one operating segment which is the sale of glass products. The company derives all its revenue from the sales of glass products in the PRC.
Executives
Iq Eq (bvi) Limited 2301 Trustee
Lin Weishan 2307 Founder of a discretionary trust who can infl
Liu Rong 2307 Founder of a discretionary trust who can infl
Ming Liang Global Limited 2101 Beneficial owner
Wei Family Limited 2201 Interest of corporation controlled by you
Wei Jiakun 2307 Founder of a discretionary trust who can infl
Wang Yichuan 2201 Interest of corporation controlled by you
Yichuan Holding Limited 2201 Interest of corporation controlled by you
Dong Sheng Chuang Tou You Xian Gong Si
Wang Yaqing 2201 Interest of corporation controlled by you
Li Wei 2201 Interest of corporation controlled by you
Li Ce Guo Ji Kong Gu You Xian Gong Si 2101 Beneficial owner

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