Tungtex (Holdings) Co (HKSE:00518) Equity-to-Asset : 0.75 (As of Sep. 2023)

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What is Tungtex (Holdings) Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tungtex (Holdings) Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$399.4 Mil. Tungtex (Holdings) Co's Total Assets for the quarter that ended in Sep. 2023 was HK$535.3 Mil. Therefore, Tungtex (Holdings) Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.75.

The historical rank and industry rank for Tungtex (Holdings) Co's Equity-to-Asset or its related term are showing as below:

HKSE:00518' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.64 Max: 0.75
Current: 0.75

During the past 13 years, the highest Equity to Asset Ratio of Tungtex (Holdings) Co was 0.75. The lowest was 0.47. And the median was 0.64.

HKSE:00518's Equity-to-Asset is ranked better than
80% of 1085 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs HKSE:00518: 0.75

Tungtex (Holdings) Co Equity-to-Asset Historical Data

The historical data trend for Tungtex (Holdings) Co'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.

Tungtex (Holdings) Co Equity-to-Asset Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.57

0.53

0.70

0.65

0.75

Tungtex (Holdings) Co 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															0.69	0.65	0.68	0.75	0.75

Competitive Comparison of Tungtex (Holdings) Co's Equity-to-Asset

For the Apparel Manufacturing subindustry, Tungtex (Holdings) Co'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.

Tungtex (Holdings) Co's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tungtex (Holdings) Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tungtex (Holdings) Co's Equity-to-Asset falls into.

Tungtex (Holdings) Co 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.

Tungtex (Holdings) Co'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
	=	416.925	/	558.971
	=	0.75

Tungtex (Holdings) Co'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
	=	399.409	/	535.284
	=	0.75

Tungtex (Holdings) Co (HKSE:00518) 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%.

Tungtex (Holdings) Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Tungtex (Holdings) Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tungtex (Holdings) Co (HKSE:00518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (HKSE:00518) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

TUGHF:USA

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Thomas Howel Gruffudd Rhys	2201 Interest of corporation controlled by you
Wykeham Capital Asia Value Fund	2101 Beneficial owner
Wykeham Capital Limited	2102 Investment manager
Corona Investments Limited	2101 Beneficial owner
Tung Wah Wing	2201 Interest of corporation controlled by you
Wong Fung Lin	2201 Interest of corporation controlled by you

Tungtex (Holdings) Co (HKSE:00518) Headlines

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