Wecon Holdings (HKSE:01793) Equity-to-Asset : 0.58 (As of Sep. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Wecon Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Wecon Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$274.5 Mil. Wecon Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$473.5 Mil. Therefore, Wecon Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.58.

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

HKSE:01793' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26 Med: 0.5 Max: 0.62
Current: 0.58

During the past 8 years, the highest Equity to Asset Ratio of Wecon Holdings was 0.62. The lowest was 0.26. And the median was 0.50.

HKSE:01793's Equity-to-Asset is ranked better than
70.37% of 1684 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:01793: 0.58

Wecon Holdings Equity-to-Asset Historical Data

The historical data trend for Wecon 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.

Wecon Holdings Equity-to-Asset Chart

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

Get a 7-Day Free Trial

0.48

0.56

0.54

0.62

Wecon Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial									0.53	0.54	0.58	0.62	0.58

Competitive Comparison of Wecon Holdings's Equity-to-Asset

For the Engineering & Construction subindustry, Wecon 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.

Wecon Holdings's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wecon Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Wecon Holdings's Equity-to-Asset falls into.

Wecon 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.

Wecon 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
	=	281.846	/	454.723
	=	0.62

Wecon 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
	=	274.52	/	473.455
	=	0.58

Wecon Holdings (HKSE:01793) 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%.

Wecon Holdings Equity-to-Asset Related Terms

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

Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

Wecon Holdings (HKSE:01793) Headlines

No Headlines