Echo International Holdings Group (HKSE:08218) Equity-to-Asset : 0.85 (As of Sep. 2023)

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What is Echo International Holdings Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Echo International Holdings Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$59.93 Mil. Echo International Holdings Group's Total Assets for the quarter that ended in Sep. 2023 was HK$70.90 Mil. Therefore, Echo International Holdings Group's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.85.

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

HKSE:08218' s Equity-to-Asset Range Over the Past 10 Years
Min: 0 Med: 0.61 Max: 0.89
Current: 0.85

During the past 11 years, the highest Equity to Asset Ratio of Echo International Holdings Group was 0.89. The lowest was 0.00. And the median was 0.61.

HKSE:08218's Equity-to-Asset is ranked better than
90.38% of 2485 companies
in the Hardware industry
Industry Median: 0.57 vs HKSE:08218: 0.85

Echo International Holdings Group Equity-to-Asset Historical Data

The historical data trend for Echo International Holdings Group'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.

Echo International Holdings Group Equity-to-Asset Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.63

0.36

0.06

0.77

Echo International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.31	-	0.77	-	0.85

Competitive Comparison of Echo International Holdings Group's Equity-to-Asset

For the Scientific & Technical Instruments subindustry, Echo International Holdings Group'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.

Echo International Holdings Group's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Echo International Holdings Group's Equity-to-Asset distribution charts can be found below:

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

Echo International Holdings Group 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.

Echo International Holdings Group'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
	=	52.281	/	67.907
	=	0.77

Echo International Holdings Group'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
	=	59.929	/	70.9
	=	0.85

Echo International Holdings Group (HKSE:08218) 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%.

Echo International Holdings Group Equity-to-Asset Related Terms

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Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

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