Golden Heaven Group Holdings (Golden Heaven Group Holdings) Equity-to-Asset : 0.74 (As of Sep. 2023)

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What is Golden Heaven Group Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Golden Heaven Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $61.05 Mil. Golden Heaven Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was $82.23 Mil. Therefore, Golden Heaven Group Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.74.

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

GDHG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.62 Max: 0.74
Current: 0.74

During the past 4 years, the highest Equity to Asset Ratio of Golden Heaven Group Holdings was 0.74. The lowest was 0.39. And the median was 0.62.

GDHG's Equity-to-Asset is ranked better than
81.33% of 841 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs GDHG: 0.74

Golden Heaven Group Holdings Equity-to-Asset Historical Data

The historical data trend for Golden Heaven Group 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.

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Golden Heaven Group Holdings Equity-to-Asset Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

0.39

0.56

0.68

0.74

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.56	0.67	0.68	0.73	0.74

Competitive Comparison of Golden Heaven Group Holdings's Equity-to-Asset

For the Leisure subindustry, Golden Heaven Group 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.

Golden Heaven Group Holdings's Equity-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Equity-to-Asset distribution charts can be found below:

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

Golden Heaven Group 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.

Golden Heaven Group Holdings's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	61.051	/	82.227
	=	0.74

Golden Heaven Group Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	61.051	/	82.227
	=	0.74

Golden Heaven Group Holdings (NAS:GDHG) 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%.

Golden Heaven Group Holdings Equity-to-Asset Related Terms

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

Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.