Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Far East Horizon's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$56,519 Mil. Far East Horizon's Total Assets for the quarter that ended in Dec. 2023 was HK$384,445 Mil.
Therefore, Far East Horizon's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.15.
The historical rank and industry rank for Far East Horizon's Equity-to-Asset or its related term are showing as below:
HKSE:03360'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.15 Max: 0.16
Current: 0.15
During the past 13 years, the highest Equity to Asset Ratio of Far East Horizon was 0.16. The lowest was 0.14. And the median was 0.15.
HKSE:03360's Equity-to-Asset is ranked worse than 78.08% of 543
companies
in the Credit Services industry
Industry Median: 0.36
vs HKSE:03360: 0.15
Far East Horizon Equity-to-Asset Historical Data
The historical data trend for Far East Horizon'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 Far East Horizon's Equity-to-Asset
For the Credit Services subindustry, Far East Horizon'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.
Far East Horizon's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Far East Horizon's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Far East Horizon's Equity-to-Asset falls into.
Far East Horizon 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.
Far East Horizon'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.
Far East Horizon (HKSE:03360) 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%.
Far East Horizon Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Far East Horizon's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Far East Horizon (HKSE:03360) Business Description
Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:03360 has been successfully added to your 