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Wecome Intelligent Manufacturing Co (SHSE:603070) Equity-to-Asset : 0.64 (As of Mar. 2024)


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What is Wecome Intelligent Manufacturing Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Wecome Intelligent Manufacturing Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,097 Mil. Wecome Intelligent Manufacturing Co's Total Assets for the quarter that ended in Mar. 2024 was ¥3,301 Mil. Therefore, Wecome Intelligent Manufacturing Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.64.

The historical rank and industry rank for Wecome Intelligent Manufacturing Co's Equity-to-Asset or its related term are showing as below:

SHSE:603070' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37   Med: 0.62   Max: 0.67
Current: 0.64

During the past 6 years, the highest Equity to Asset Ratio of Wecome Intelligent Manufacturing Co was 0.67. The lowest was 0.37. And the median was 0.62.

SHSE:603070's Equity-to-Asset is ranked better than
64.09% of 3035 companies
in the Industrial Products industry
Industry Median: 0.56 vs SHSE:603070: 0.64

Wecome Intelligent Manufacturing Co Equity-to-Asset Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing Co Equity-to-Asset Chart

Wecome Intelligent Manufacturing Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial 0.54 0.57 0.58 0.66 0.63

Wecome Intelligent Manufacturing Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.65 0.63 0.62 0.63 0.64

Competitive Comparison of Wecome Intelligent Manufacturing Co's Equity-to-Asset

For the Electrical Equipment & Parts subindustry, Wecome Intelligent Manufacturing 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.


Wecome Intelligent Manufacturing Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wecome Intelligent Manufacturing Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Wecome Intelligent Manufacturing Co's Equity-to-Asset falls into.



Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing 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
=2090.461/3337.733
=0.63

Wecome Intelligent Manufacturing Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=2097.007/3300.742
=0.64

* 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.


Wecome Intelligent Manufacturing Co  (SHSE:603070) 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%.


Wecome Intelligent Manufacturing Co Equity-to-Asset Related Terms

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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Traded in Other Exchanges
N/A
Address
Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600
Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.

Wecome Intelligent Manufacturing Co (SHSE:603070) Headlines

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