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Readboy Education Holding Co (HKSE:02385) Equity-to-Asset : 0.68 (As of Dec. 2023)


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What is Readboy Education Holding Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Readboy Education Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$541.6 Mil. Readboy Education Holding Co's Total Assets for the quarter that ended in Dec. 2023 was HK$791.7 Mil. Therefore, Readboy Education Holding Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.68.

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

HKSE:02385' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28   Med: 0.45   Max: 0.73
Current: 0.68

During the past 5 years, the highest Equity to Asset Ratio of Readboy Education Holding Co was 0.73. The lowest was 0.28. And the median was 0.45.

HKSE:02385's Equity-to-Asset is ranked better than
72.39% of 268 companies
in the Education industry
Industry Median: 0.52 vs HKSE:02385: 0.68

Readboy Education Holding Co Equity-to-Asset Historical Data

The historical data trend for Readboy Education 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.

Readboy Education Holding Co Equity-to-Asset Chart

Readboy Education Holding Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
0.45 0.28 0.32 0.73 0.68

Readboy Education Holding Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset Get a 7-Day Free Trial 0.32 0.29 0.73 0.73 0.68

Competitive Comparison of Readboy Education Holding Co's Equity-to-Asset

For the Education & Training Services subindustry, Readboy Education 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.


Readboy Education Holding Co's Equity-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Equity-to-Asset distribution charts can be found below:

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



Readboy Education 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.

Readboy Education 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
=541.594/791.708
=0.68

Readboy Education 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
=541.594/791.708
=0.68

* 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.


Readboy Education Holding Co  (HKSE:02385) 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%.


Readboy Education Holding Co Equity-to-Asset Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Traded in Other Exchanges
N/A
Address
No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN
Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Readboy Education Holding Co (HKSE:02385) Headlines

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