Choo Bee Metal Industries Bhd (XKLS:5797) Equity-to-Asset : 0.95 (As of Dec. 2023)

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What is Choo Bee Metal Industries Bhd Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Choo Bee Metal Industries Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM620.7 Mil. Choo Bee Metal Industries Bhd's Total Assets for the quarter that ended in Dec. 2023 was RM651.3 Mil. Therefore, Choo Bee Metal Industries Bhd's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.95.

The historical rank and industry rank for Choo Bee Metal Industries Bhd's Equity-to-Asset or its related term are showing as below:

XKLS:5797' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.86 Med: 0.94 Max: 0.96
Current: 0.95

During the past 13 years, the highest Equity to Asset Ratio of Choo Bee Metal Industries Bhd was 0.96. The lowest was 0.86. And the median was 0.94.

XKLS:5797's Equity-to-Asset is ranked better than
97.16% of 633 companies
in the Steel industry
Industry Median: 0.53 vs XKLS:5797: 0.95

Choo Bee Metal Industries Bhd Equity-to-Asset Historical Data

The historical data trend for Choo Bee Metal Industries Bhd'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.

Choo Bee Metal Industries Bhd Equity-to-Asset Chart

Choo Bee Metal Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.96

0.94

0.95

Choo Bee Metal Industries Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.95	0.97	0.93	0.96	0.95

Competitive Comparison of Choo Bee Metal Industries Bhd's Equity-to-Asset

For the Steel subindustry, Choo Bee Metal Industries Bhd'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.

Choo Bee Metal Industries Bhd's Equity-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Choo Bee Metal Industries Bhd's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Choo Bee Metal Industries Bhd's Equity-to-Asset falls into.

Choo Bee Metal Industries Bhd 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.

Choo Bee Metal Industries Bhd'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
	=	620.688	/	651.331
	=	0.95

Choo Bee Metal Industries Bhd'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
	=	620.688	/	651.331
	=	0.95

Choo Bee Metal Industries Bhd (XKLS:5797) 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%.

Choo Bee Metal Industries Bhd Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Choo Bee Metal Industries Bhd's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Choo Bee Metal Industries Bhd (XKLS:5797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Choo Bee Metal Industries Bhd (XKLS:5797) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bendahara, Wisma Soon Teik Aun, Ipoh, PRK, MYS, 31650

Website

https://www.choobee.com

Choo Bee Metal Industries Bhd is a Malaysian-based company engaged in the processing of steel coils into steel products, fabrication of steel products, and trading of hardware products. The firm manufactures steel products for oil and gas applications, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products, and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The group is organized into trading and manufacturing segments in which Trading segments derive a majority of its revenue. Geographically, it derives the majority of its revenue from Malaysia.

Choo Bee Metal Industries Bhd (XKLS:5797) Headlines

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