China High Precision Automation Group (HKSE:00591) Equity-to-Asset : 0.95 (As of Dec. 2023)

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What is China High Precision Automation Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China High Precision Automation Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,875.0 Mil. China High Precision Automation Group's Total Assets for the quarter that ended in Dec. 2023 was HK$1,969.7 Mil. Therefore, China High Precision Automation Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.95.

The historical rank and industry rank for China High Precision Automation Group's Equity-to-Asset or its related term are showing as below:

HKSE:00591' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.95 Med: 0.96 Max: 0.96
Current: 0.95

During the past 13 years, the highest Equity to Asset Ratio of China High Precision Automation Group was 0.96. The lowest was 0.95. And the median was 0.96.

HKSE:00591's Equity-to-Asset is ranked better than
99.16% of 2487 companies
in the Hardware industry
Industry Median: 0.57 vs HKSE:00591: 0.95

China High Precision Automation Group Equity-to-Asset Historical Data

The historical data trend for China High Precision Automation 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.

China High Precision Automation Group Equity-to-Asset Chart

China High Precision Automation Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.96

0.95

China High Precision Automation Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.96	0.96	0.96	0.95	0.95

Competitive Comparison of China High Precision Automation Group's Equity-to-Asset

For the Scientific & Technical Instruments subindustry, China High Precision Automation 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.

China High Precision Automation Group's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China High Precision Automation Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China High Precision Automation Group's Equity-to-Asset falls into.

China High Precision Automation 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.

China High Precision Automation Group's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1881.95	/	1984.185
	=	0.95

China High Precision Automation 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
	=	1874.969	/	1969.657
	=	0.95

China High Precision Automation Group (HKSE:00591) 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%.

China High Precision Automation Group Equity-to-Asset Related Terms

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China High Precision Automation Group (HKSE:00591) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China High Precision Automation Group Ltd (HKSE:00591) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

HPAGF:USA

Address

18 Fenwick Street, 7th Floor, Room 703, Jubilee Centre, Wanchai, Hong Kong, HKG

Website

http://www.chpag.cn

China High Precision Automation Group Ltd is an investment holding company, which through its subsidiaries engages in the research, development, manufacturing, and sale of industrial automation instrument and technology products. It operates through the following segments: Automation Instrument and Technology Products and Horological Instruments. The Automation Instrument and Technology Products segment which earns majority revenue manufactures and trades intelligent display instruments, flow accumulate instruments, pressure transmitters, and logging control instruments. Its Horological Instruments covers the manufacture and trade of multi-functional all-plastic quartz watch movements. Geographically the company receives maximum revenue from the People's Republic of China.

Executives

Wong Fun Chung

2101 Beneficial owner

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