China Energy Development Holdings (HKSE:00228) Equity-to-Asset : 0.73 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is China Energy Development Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Energy Development Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,721.9 Mil. China Energy Development Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$2,366.4 Mil. Therefore, China Energy Development Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.73.

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

HKSE:00228' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.7 Max: 0.84
Current: 0.73

During the past 13 years, the highest Equity to Asset Ratio of China Energy Development Holdings was 0.84. The lowest was 0.58. And the median was 0.70.

HKSE:00228's Equity-to-Asset is ranked better than
77.54% of 1091 companies
in the Oil & Gas industry
Industry Median: 0.5 vs HKSE:00228: 0.73

China Energy Development Holdings Equity-to-Asset Historical Data

The historical data trend for China Energy Development 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.

China Energy Development Holdings Equity-to-Asset Chart

China Energy Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

0.63

0.58

0.62

0.67

0.73

China Energy Development Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.62	0.64	0.67	0.68	0.73

Competitive Comparison of China Energy Development Holdings's Equity-to-Asset

For the Oil & Gas Integrated subindustry, China Energy Development 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.

China Energy Development Holdings's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Energy Development Holdings's Equity-to-Asset distribution charts can be found below:

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

China Energy Development 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.

China Energy Development 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
	=	1721.865	/	2366.42
	=	0.73

China Energy Development Holdings'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
	=	1721.865	/	2366.42
	=	0.73

China Energy Development Holdings (HKSE:00228) 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%.

China Energy Development Holdings Equity-to-Asset Related Terms

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

China Energy Development Holdings (HKSE:00228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Energy Development Holdings Ltd (HKSE:00228) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Yeung Uk Road, Office J, 29th Floor, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.cnenergy.com.hk

China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.

Executives

Wang Guoju	2201 Interest of corporation controlled by you
Cypress Dragons Limited
Aag Energy Holdings Limited	2201 Interest of corporation controlled by you
Alpha Eagle Limited	2201 Interest of corporation controlled by you
Liming Holding Limited	2201 Interest of corporation controlled by you
Ming Zaiyuan	2201 Interest of corporation controlled by you
Si Chuan Li Ming Neng Yuan Kai Fa You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Xin Jiang Xin Tai Tian Ran Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
U.k. Prolific Petroleum Group Company Limited

China Energy Development Holdings (HKSE:00228) Headlines

No Headlines