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XNGSY (ENN Energy Holdings) Equity-to-Asset : 0.42 (As of Jun. 2024)


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What is ENN Energy Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ENN Energy Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $5,867 Mil. ENN Energy Holdings's Total Assets for the quarter that ended in Jun. 2024 was $13,854 Mil. Therefore, ENN Energy Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.42.

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

XNGSY' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28   Med: 0.31   Max: 0.42
Current: 0.42

During the past 13 years, the highest Equity to Asset Ratio of ENN Energy Holdings was 0.42. The lowest was 0.28. And the median was 0.31.

XNGSY's Equity-to-Asset is ranked better than
59.49% of 511 companies
in the Utilities - Regulated industry
Industry Median: 0.38 vs XNGSY: 0.42

ENN Energy Holdings Equity-to-Asset Historical Data

The historical data trend for ENN Energy Holdings'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.

ENN Energy Holdings Equity-to-Asset Chart

ENN Energy Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.34 0.36 0.38 0.41

ENN Energy Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.38 0.38 0.41 0.42

Competitive Comparison of ENN Energy Holdings's Equity-to-Asset

For the Utilities - Regulated Gas subindustry, ENN Energy Holdings'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.


ENN Energy Holdings's Equity-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ENN Energy Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where ENN Energy Holdings's Equity-to-Asset falls into.



ENN Energy Holdings 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.

ENN Energy Holdings'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
=5974.623/14443.713
=0.41

ENN Energy Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Equity to Asset (Q: Jun. 2024 )=Total Stockholders Equity/Total Assets
=5867.093/13854.329
=0.42

* 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.


ENN Energy Holdings  (OTCPK:XNGSY) 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%.


ENN Energy Holdings Equity-to-Asset Related Terms

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


ENN Energy Holdings Business Description

Traded in Other Exchanges
Address
Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001
ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2023, ENN owned 259 city gas projects in China, with annual gas sales volume of 33.6 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 29.8 million, with an average gas penetration rate of 65.2%. ENN Energy also has ventured into integrated energy business with 296 projects in operation.