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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. HK Electric Investments and HK Electric Investments's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $6,214 Mil. HK Electric Investments and HK Electric Investments's Total Assets for the quarter that ended in Jun. 2024 was $15,221 Mil. Therefore, HK Electric Investments and HK Electric Investments's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.41.
The historical rank and industry rank for HK Electric Investments and HK Electric Investments's Equity-to-Asset or its related term are showing as below:
During the past 11 years, the highest Equity to Asset Ratio of HK Electric Investments and HK Electric Investments was 0.46. The lowest was 0.41. And the median was 0.43.
The historical data trend for HK Electric Investments and HK Electric Investments'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.
HK Electric Investments and HK Electric Investments Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Equity-to-Asset | Get a 7-Day Free Trial | 0.44 | 0.43 | 0.42 | 0.41 | 0.41 |
HK Electric Investments and HK Electric Investments 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 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 |
For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.
For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where HK Electric Investments and HK Electric Investments's Equity-to-Asset falls into.
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.
HK Electric Investments and HK Electric Investments'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 |
= | 6271.351 | / | 15178.366 | |
= | 0.41 |
HK Electric Investments and HK Electric Investments'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 |
= | 6213.956 | / | 15220.871 | |
= | 0.41 |
* 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.
HK Electric Investments and HK Electric Investments (OTCPK:HKVTY) 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%.
Thank you for viewing the detailed overview of HK Electric Investments and HK Electric Investments's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
From GuruFocus
By GuruFocus Research • 04-05-2024
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