Flowing Cloud Technology (HKSE:06610) Equity-to-Asset : 0.84 (As of Dec. 2023)

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What is Flowing Cloud Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Flowing Cloud Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,585 Mil. Flowing Cloud Technology's Total Assets for the quarter that ended in Dec. 2023 was HK$1,883 Mil. Therefore, Flowing Cloud Technology's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.84.

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

HKSE:06610' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.76 Max: 0.84
Current: 0.84

During the past 5 years, the highest Equity to Asset Ratio of Flowing Cloud Technology was 0.84. The lowest was 0.46. And the median was 0.76.

HKSE:06610's Equity-to-Asset is ranked better than
88.98% of 2849 companies
in the Software industry
Industry Median: 0.54 vs HKSE:06610: 0.84

Flowing Cloud Technology Equity-to-Asset Historical Data

The historical data trend for Flowing Cloud Technology'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.

Flowing Cloud Technology Equity-to-Asset Chart

Flowing Cloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.55

0.46

0.76

0.80

0.84

Flowing Cloud Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.76	-	0.80	0.80	0.84

Competitive Comparison of Flowing Cloud Technology's Equity-to-Asset

For the Software - Application subindustry, Flowing Cloud Technology'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.

Flowing Cloud Technology's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Flowing Cloud Technology's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Flowing Cloud Technology's Equity-to-Asset falls into.

Flowing Cloud Technology 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.

Flowing Cloud Technology'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
	=	1585.435	/	1882.693
	=	0.84

Flowing Cloud Technology'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
	=	1585.435	/	1882.693
	=	0.84

Flowing Cloud Technology (HKSE:06610) 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%.

Flowing Cloud Technology Equity-to-Asset Related Terms

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Flowing Cloud Technology (HKSE:06610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flowing Cloud Technology Ltd (HKSE:06610) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangqulu No. 3, Shop 8, Jingyuan Art Center, Chaoyang District, Beijing, CHN

Website

https://www.flowingcloud.com

Flowing Cloud Technology Ltd is a supplier of the Metaverse scene application tier in China. It is a leading smart marketing technology service provider in China. It uses AR/VR engine, AI behavior algorithm, cloud computing and other technical capabilities to empower the business development of enterprises in various vertical industries such as e-commerce, education, and cultural tourism.

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