Hong Kong Economic Times Holdings (HKSE:00423) Equity-to-Asset : 0.73 (As of Sep. 2023)

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What is Hong Kong Economic Times Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hong Kong Economic Times Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$820.2 Mil. Hong Kong Economic Times Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$1,121.7 Mil. Therefore, Hong Kong Economic Times Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.73.

The historical rank and industry rank for Hong Kong Economic Times Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:00423' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.72 Max: 0.75
Current: 0.73

During the past 13 years, the highest Equity to Asset Ratio of Hong Kong Economic Times Holdings was 0.75. The lowest was 0.66. And the median was 0.72.

HKSE:00423's Equity-to-Asset is ranked better than
78.7% of 1061 companies
in the Media - Diversified industry
Industry Median: 0.51 vs HKSE:00423: 0.73

Hong Kong Economic Times Holdings Equity-to-Asset Historical Data

The historical data trend for Hong Kong Economic Times Holdings'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.

Hong Kong Economic Times Holdings Equity-to-Asset Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.72

0.73

0.75

0.74

0.73

Hong Kong Economic Times Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.75	0.74	0.74	0.73	0.73

Competitive Comparison of Hong Kong Economic Times Holdings's Equity-to-Asset

For the Publishing subindustry, Hong Kong Economic Times Holdings'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.

Hong Kong Economic Times Holdings's Equity-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Equity-to-Asset falls into.

Hong Kong Economic Times Holdings 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.

Hong Kong Economic Times Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	871.202	/	1197.222
	=	0.73

Hong Kong Economic Times Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	820.199	/	1121.702
	=	0.73

Hong Kong Economic Times Holdings (HKSE:00423) 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%.

Hong Kong Economic Times Holdings Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Hong Kong Economic Times Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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