Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Xinji Shaxi Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,463.2 Mil. Xinji Shaxi Group Co's Total Assets for the quarter that ended in Dec. 2023 was HK$3,209.5 Mil.
Therefore, Xinji Shaxi Group Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.46.
The historical rank and industry rank for Xinji Shaxi Group Co's Equity-to-Asset or its related term are showing as below:
HKSE:03603'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.49 Max: 0.58
Current: 0.46
During the past 8 years, the highest Equity to Asset Ratio of Xinji Shaxi Group Co was 0.58. The lowest was 0.33. And the median was 0.49.
HKSE:03603's Equity-to-Asset is ranked better than 53.59% of 1836
companies
in the Real Estate industry
Industry Median: 0.44
vs HKSE:03603: 0.46
Xinji Shaxi Group Co Equity-to-Asset Historical Data
The historical data trend for Xinji Shaxi Group 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.
Competitive Comparison of Xinji Shaxi Group Co's Equity-to-Asset
For the Real Estate Services subindustry, Xinji Shaxi Group 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.
Xinji Shaxi Group Co's Equity-to-Asset Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Xinji Shaxi Group Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Xinji Shaxi Group Co's Equity-to-Asset falls into.
Xinji Shaxi Group 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.
Xinji Shaxi Group Co'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.
Xinji Shaxi Group Co (HKSE:03603) 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%.
Xinji Shaxi Group Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Xinji Shaxi Group Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinji Shaxi Group Co (HKSE:03603) Business Description
Xinji Shaxi Group Co Ltd is engaged in managing owned and leased portfolio shopping mall which derives revenue from leasing floor areas to the tenants and providing comprehensive and continuous operation and management support to them in the PRC. It operates and manages hospitality supplies and home furnishing shopping malls, exhibition management services, and online shopping malls. The company has two operating segments which are Property leasing and Property management services of which it generates the majority of its revenue from Property leasing. Geographically the company operates in Hong Kong and the People's Republic of China.
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