JiaXing Gas Group Co (HKSE:09908) Equity-to-Asset : 0.39 (As of Dec. 2023)

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What is JiaXing Gas Group Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. JiaXing Gas Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,122 Mil. JiaXing Gas Group Co's Total Assets for the quarter that ended in Dec. 2023 was HK$2,904 Mil. Therefore, JiaXing Gas Group Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.39.

The historical rank and industry rank for JiaXing Gas Group Co's Equity-to-Asset or its related term are showing as below:

HKSE:09908' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.19 Med: 0.39 Max: 0.43
Current: 0.39

During the past 7 years, the highest Equity to Asset Ratio of JiaXing Gas Group Co was 0.43. The lowest was 0.19. And the median was 0.39.

HKSE:09908's Equity-to-Asset is ranked better than
52.69% of 520 companies
in the Utilities - Regulated industry
Industry Median: 0.37 vs HKSE:09908: 0.39

JiaXing Gas Group Co Equity-to-Asset Historical Data

The historical data trend for JiaXing Gas 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.

* Premium members only.

JiaXing Gas Group Co Equity-to-Asset Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.25

0.43

0.40

0.41

0.39

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.40	0.39	0.41	0.35	0.39

Competitive Comparison of JiaXing Gas Group Co's Equity-to-Asset

For the Utilities - Regulated Gas subindustry, JiaXing Gas 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.

JiaXing Gas Group Co's Equity-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where JiaXing Gas Group Co's Equity-to-Asset falls into.

JiaXing Gas 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.

JiaXing Gas Group 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
	=	1121.738	/	2903.699
	=	0.39

JiaXing Gas Group 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
	=	1121.738	/	2903.699
	=	0.39

JiaXing Gas Group Co (HKSE:09908) 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%.

JiaXing Gas Group Co Equity-to-Asset Related Terms

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JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

JiaXing Gas Group Co (HKSE:09908) Headlines

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