Suzhou Agioe Technologies Co (SHSE:688450) Equity-to-Asset : 0.85 (As of Mar. 2024)

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What is Suzhou Agioe Technologies Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Suzhou Agioe Technologies Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,084.6 Mil. Suzhou Agioe Technologies Co's Total Assets for the quarter that ended in Mar. 2024 was ¥1,284.1 Mil. Therefore, Suzhou Agioe Technologies Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.85.

The historical rank and industry rank for Suzhou Agioe Technologies Co's Equity-to-Asset or its related term are showing as below:

SHSE:688450' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.55 Max: 0.85
Current: 0.85

During the past 5 years, the highest Equity to Asset Ratio of Suzhou Agioe Technologies Co was 0.85. The lowest was 0.47. And the median was 0.55.

SHSE:688450's Equity-to-Asset is ranked better than
91.36% of 3034 companies
in the Industrial Products industry
Industry Median: 0.56 vs SHSE:688450: 0.85

Suzhou Agioe Technologies Co Equity-to-Asset Historical Data

The historical data trend for Suzhou Agioe Technologies 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.

Suzhou Agioe Technologies Co Equity-to-Asset Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.48

0.47

0.52

0.57

0.84

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial								0.56	0.54	0.82	0.84	0.85

Competitive Comparison of Suzhou Agioe Technologies Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Suzhou Agioe Technologies 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.

Suzhou Agioe Technologies Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Suzhou Agioe Technologies Co's Equity-to-Asset falls into.

Suzhou Agioe Technologies 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.

Suzhou Agioe Technologies 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
	=	1096.312	/	1310.355
	=	0.84

Suzhou Agioe Technologies 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
	=	1084.586	/	1284.125
	=	0.84

Suzhou Agioe Technologies Co (SHSE:688450) 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%.

Suzhou Agioe Technologies Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Suzhou Agioe Technologies Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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