China Golden Classic Group (HKSE:08281) Equity-to-Asset : 0.76 (As of Dec. 2023)

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What is China Golden Classic Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Golden Classic Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$288.4 Mil. China Golden Classic Group's Total Assets for the quarter that ended in Dec. 2023 was HK$381.3 Mil. Therefore, China Golden Classic Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.76.

The historical rank and industry rank for China Golden Classic Group's Equity-to-Asset or its related term are showing as below:

HKSE:08281' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.61 Max: 0.76
Current: 0.76

During the past 11 years, the highest Equity to Asset Ratio of China Golden Classic Group was 0.76. The lowest was 0.38. And the median was 0.61.

HKSE:08281's Equity-to-Asset is ranked better than
81.14% of 1925 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs HKSE:08281: 0.76

China Golden Classic Group Equity-to-Asset Historical Data

The historical data trend for China Golden Classic Group'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 Golden Classic Group Equity-to-Asset Chart

China Golden Classic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.58

0.66

0.70

0.72

0.76

China Golden Classic Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.72	-	0.77	-	0.76

Competitive Comparison of China Golden Classic Group's Equity-to-Asset

For the Household & Personal Products subindustry, China Golden Classic Group'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 Golden Classic Group's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Golden Classic Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Golden Classic Group's Equity-to-Asset falls into.

China Golden Classic Group 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 Golden Classic Group'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
	=	288.41	/	381.251
	=	0.76

China Golden Classic Group'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
	=	288.41	/	381.251
	=	0.76

China Golden Classic Group (HKSE:08281) 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 Golden Classic Group Equity-to-Asset Related Terms

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

China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

Executives

Chongbo Mary Investment Limited	2101 Beneficial owner
Li Qiuyan	2201 Interest of corporation controlled by you

China Golden Classic Group (HKSE:08281) Headlines

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