Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Edensoft Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$209.6 Mil. Edensoft Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$475.8 Mil.
Therefore, Edensoft Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.44.
The historical rank and industry rank for Edensoft Holdings's Equity-to-Asset or its related term are showing as below:
HKSE:01147'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.45 Max: 0.57
Current: 0.44
During the past 8 years, the highest Equity to Asset Ratio of Edensoft Holdings was 0.57. The lowest was 0.14. And the median was 0.45.
HKSE:01147's Equity-to-Asset is ranked worse than 62.79% of 2849
companies
in the Software industry
Industry Median: 0.54
vs HKSE:01147: 0.44
Edensoft Holdings Equity-to-Asset Historical Data
The historical data trend for Edensoft 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.
Competitive Comparison of Edensoft Holdings's Equity-to-Asset
For the Information Technology Services subindustry, Edensoft 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.
Edensoft Holdings's Equity-to-Asset Distribution in the Software Industry
For the Software industry and Technology sector, Edensoft Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Edensoft Holdings's Equity-to-Asset falls into.
Edensoft 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.
Edensoft Holdings'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.
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%.
Edensoft Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Edensoft Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Edensoft Holdings (HKSE:01147) Business Description
Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN
Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.
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