CMGE Technology Group (HKSE:00302) Equity-to-Asset : 0.80 (As of Dec. 2023)

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What is CMGE Technology Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CMGE Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$6,230 Mil. CMGE Technology Group's Total Assets for the quarter that ended in Dec. 2023 was HK$7,754 Mil. Therefore, CMGE Technology Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.80.

The historical rank and industry rank for CMGE Technology Group's Equity-to-Asset or its related term are showing as below:

HKSE:00302' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.54 Med: 0.74 Max: 0.81
Current: 0.8

During the past 8 years, the highest Equity to Asset Ratio of CMGE Technology Group was 0.81. The lowest was 0.54. And the median was 0.74.

HKSE:00302's Equity-to-Asset is ranked better than
75.04% of 597 companies
in the Interactive Media industry
Industry Median: 0.64 vs HKSE:00302: 0.80

CMGE Technology Group Equity-to-Asset Historical Data

The historical data trend for CMGE Technology Group'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.

CMGE Technology Group Equity-to-Asset Chart

CMGE Technology Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.69

0.74

0.79

0.80

CMGE Technology Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.74	0.75	0.79	0.82	0.80

Competitive Comparison of CMGE Technology Group's Equity-to-Asset

For the Electronic Gaming & Multimedia subindustry, CMGE Technology Group'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.

CMGE Technology Group's Equity-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CMGE Technology Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where CMGE Technology Group's Equity-to-Asset falls into.

CMGE Technology Group 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.

CMGE Technology Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6229.842	/	7753.983
	=	0.80

CMGE Technology Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6229.842	/	7753.983
	=	0.80

CMGE Technology Group (HKSE:00302) 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%.

CMGE Technology Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of CMGE Technology Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

CMGE Technology Group (HKSE:00302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CMGE Technology Group Ltd (HKSE:00302) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongkang North Road, 10th Floor, Building No. 4, Zhuoyue Meilin Center Square, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.cmge.com

CMGE is an IP-based mobile game developer and publisher in China with 55 licensed IPs and 68 proprietary IPs as of the end of 2021. The company has over 80 games on the shelf and over 20 games with lifecycles of over three years. Average monthly active users, or MAUs, of CMGE games reached 19.1 million in 2021. The market share of CMGE for online gaming grossing income in 2021 was around 1%.

CMGE Technology Group (HKSE:00302) Headlines

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