Sunrise New Energy Co (Sunrise New Energy Co) Equity-to-Asset : 0.19 (As of Jun. 2023)

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What is Sunrise New Energy Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sunrise New Energy Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $23.20 Mil. Sunrise New Energy Co's Total Assets for the quarter that ended in Jun. 2023 was $121.46 Mil. Therefore, Sunrise New Energy Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.19.

The historical rank and industry rank for Sunrise New Energy Co's Equity-to-Asset or its related term are showing as below:

EPOW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.19 Med: 0.73 Max: 0.96
Current: 0.19

During the past 6 years, the highest Equity to Asset Ratio of Sunrise New Energy Co was 0.96. The lowest was 0.19. And the median was 0.73.

EPOW's Equity-to-Asset is ranked worse than
93.45% of 3025 companies
in the Industrial Products industry
Industry Median: 0.56 vs EPOW: 0.19

Sunrise New Energy Co Equity-to-Asset Historical Data

The historical data trend for Sunrise New Energy 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.

Sunrise New Energy Co Equity-to-Asset Chart

Sunrise New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.72

0.73

0.86

0.92

0.27

Sunrise New Energy Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial							0.96	0.92	0.44	0.27	0.19

Competitive Comparison of Sunrise New Energy Co's Equity-to-Asset

For the Electrical Equipment & Parts subindustry, Sunrise New Energy 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.

Sunrise New Energy Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunrise New Energy Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Sunrise New Energy Co's Equity-to-Asset falls into.

Sunrise New Energy 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.

Sunrise New Energy Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	28.68	/	107.022
	=	0.27

Sunrise New Energy Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	23.204	/	121.463
	=	0.19

Sunrise New Energy Co (NAS:EPOW) 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%.

Sunrise New Energy Co Equity-to-Asset Related Terms

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

Sunrise New Energy Co (Sunrise New Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise New Energy Co Ltd (NAS:EPOW) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 69 Sanying Road, Zibo Science and Technology Industrial Entrepreneurship Park, Room 703, West Zone, R&D Building, Zhangdian District, Shandong Province, Zibo City, CHN

Website

https://www.sunrisenewenergy.com

Sunrise New Energy Co Ltd is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company's joint venture is into the construction of a manufacturing plant in Guizhou Province. The plant runs on inexpensive electricity from renewable sources that enables the group to be a low-cost and low environmental impact producer of graphite anode material, Its products include GS-1, GS-2, GS-3, GZD-1, GLD-1, and GZ-1.