Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Times Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,193 Mil. New Times Energy's Total Assets for the quarter that ended in Dec. 2023 was HK$1,701 Mil.
Therefore, New Times Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.70.
The historical rank and industry rank for New Times Energy's Equity-to-Asset or its related term are showing as below:
HKSE:00166'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.61 Med: 0.8 Max: 0.93
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of New Times Energy was 0.93. The lowest was 0.61. And the median was 0.80.
HKSE:00166's Equity-to-Asset is ranked worse than 58.75% of 2715
companies
in the Metals & Mining industry
Industry Median: 0.79
vs HKSE:00166: 0.70
New Times Energy Equity-to-Asset Historical Data
The historical data trend for New Times Energy'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 New Times Energy's Equity-to-Asset
For the Other Industrial Metals & Mining subindustry, New Times Energy'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.
New Times Energy's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Times Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where New Times Energy's Equity-to-Asset falls into.
New Times Energy 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.
New Times Energy'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.
New Times Energy (HKSE:00166) 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%.
New Times Energy Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of New Times Energy's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Times Energy (HKSE:00166) Business Description
New Times Energy Corp Ltd is an investment holding company. The company's operating segment includes Upstream, which is engaged in the exploration, development, production, and sale of crude oil; and the General and commodities trading segment includes trading of non-ferrous metals, gold, and petroleum-related products. The Company operates its business through two segments. The General and Commodities Refinery and Trading segment and The Upstream segment. It generates maximum revenue from the Commodities trading segment. The company's geographical segments are Hong Kong, Mainland China, Argentina, Singapore, and the United Arab Emirates, of which Hong Kong accounts for the majority of its revenue.
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