Guoquan Food (Shanghai) Co (HKSE:02517) Equity-to-Asset : 0.70 (As of Dec. 2023)

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What is Guoquan Food (Shanghai) Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Guoquan Food (Shanghai) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,568 Mil. Guoquan Food (Shanghai) Co's Total Assets for the quarter that ended in Dec. 2023 was HK$5,088 Mil. Therefore, Guoquan Food (Shanghai) Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.70.

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

HKSE:02517' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.67 Max: 0.77
Current: 0.7

During the past 4 years, the highest Equity to Asset Ratio of Guoquan Food (Shanghai) Co was 0.77. The lowest was 0.57. And the median was 0.67.

HKSE:02517's Equity-to-Asset is ranked better than
73.31% of 1918 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs HKSE:02517: 0.70

Guoquan Food (Shanghai) Co Equity-to-Asset Historical Data

The historical data trend for Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co Equity-to-Asset Chart

Guoquan Food (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.57

0.77

0.64

0.70

Guoquan Food (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Equity-to-Asset	0.57	0.77	0.64	0.70

Competitive Comparison of Guoquan Food (Shanghai) Co's Equity-to-Asset

For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Guoquan Food (Shanghai) Co's Equity-to-Asset falls into.

Guoquan Food (Shanghai) 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.

Guoquan Food (Shanghai) Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3568.1	/	5087.872
	=	0.70

Guoquan Food (Shanghai) Co'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
	=	3568.1	/	5087.872
	=	0.70

Guoquan Food (Shanghai) Co (HKSE:02517) 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%.

Guoquan Food (Shanghai) Co Equity-to-Asset Related Terms

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

Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN

Website

http://www.zzgqsh.com

Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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