Tu Yi Holding Co (HKSE:01701) Equity-to-Asset : 0.59 (As of Dec. 2023)

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What is Tu Yi Holding Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tu Yi Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$145.3 Mil. Tu Yi Holding Co's Total Assets for the quarter that ended in Dec. 2023 was HK$244.7 Mil. Therefore, Tu Yi Holding Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.59.

The historical rank and industry rank for Tu Yi Holding Co's Equity-to-Asset or its related term are showing as below:

HKSE:01701' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.6 Max: 0.7
Current: 0.59

During the past 8 years, the highest Equity to Asset Ratio of Tu Yi Holding Co was 0.70. The lowest was 0.37. And the median was 0.60.

HKSE:01701's Equity-to-Asset is ranked better than
63.38% of 841 companies
in the Travel & Leisure industry
Industry Median: 0.49 vs HKSE:01701: 0.59

Tu Yi Holding Co Equity-to-Asset Historical Data

The historical data trend for Tu Yi Holding 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.

Tu Yi Holding Co Equity-to-Asset Chart

Tu Yi Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

0.70

0.69

0.62

0.60

0.59

Tu Yi Holding Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.62	0.63	0.60	0.60	0.59

Competitive Comparison of Tu Yi Holding Co's Equity-to-Asset

For the Travel Services subindustry, Tu Yi Holding 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.

Tu Yi Holding Co's Equity-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tu Yi Holding Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tu Yi Holding Co's Equity-to-Asset falls into.

Tu Yi Holding 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.

Tu Yi Holding 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
	=	145.281	/	244.729
	=	0.59

Tu Yi Holding Co'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
	=	145.281	/	244.729
	=	0.59

Tu Yi Holding Co (HKSE:01701) 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%.

Tu Yi Holding Co Equity-to-Asset Related Terms

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

Tu Yi Holding Co (HKSE:01701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tu Yi Holding Co Ltd (HKSE:01701) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1288 Wenyi West Road, Room 813, 8th Floor, Block 4, Cangqian Sub-district, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.tuyigroup.com

Tu Yi Holding Co Ltd is a travel service provider. Its businesses include the Selling of package tours and day tours, Margin income from sales of FIT products, Provision of visa application processing services, Selling of certain ancillary travel-related products and services, Hotel operation and Duty-free shop business. A majority of the income is generated from the sale of package tours and day tour products. The company operates in Mainland China, Taiwan and Japan, out of which Mainland China contributes to the majority of the revenue.

Tu Yi Holding Co (HKSE:01701) Headlines

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