Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Herald Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$624.2 Mil. Herald Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$893.0 Mil.
Therefore, Herald Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.70.
The historical rank and industry rank for Herald Holdings's Equity-to-Asset or its related term are showing as below:
HKSE:00114'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62 Med: 0.72 Max: 0.79
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of Herald Holdings was 0.79. The lowest was 0.62. And the median was 0.72.
HKSE:00114's Equity-to-Asset is ranked better than 77.71% of 839
companies
in the Travel & Leisure industry
Industry Median: 0.49
vs HKSE:00114: 0.70
Herald Holdings Equity-to-Asset Historical Data
The historical data trend for Herald 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.
Competitive Comparison of Herald Holdings's Equity-to-Asset
For the Leisure subindustry, Herald 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.
Herald Holdings's Equity-to-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Herald Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Herald Holdings's Equity-to-Asset falls into.
Herald 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.
Herald Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
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%.
Herald Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Herald Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Herald Holdings Ltd is an investment holding company. It operates in the segments of Toys, Computer Products, Timepieces, Investments, and Others. The group derives majority revenue from the Toys segment which involves the manufacturing of wide range of toys including action figures, electronic radio-controlled toy cars and boats, electronic games, and pre-school toys. The company along with its subsidiaries is also engaged in the manufacture, sale, and distribution of computer products, housewares, clocks, watches, and electronic and gift products. The company has the majority of its customers based in Hong Kong, North America, the United Kingdom, Europe, Asia, Mainland China, and Others. It generates the highest revenue from the North America region.
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