China Resources Beer (Holdings) Co (HKSE:00291) Equity-to-Asset : 0.42 (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Resources Beer (Holdings) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$33,136 Mil. China Resources Beer (Holdings) Co's Total Assets for the quarter that ended in Dec. 2023 was HK$78,231 Mil. Therefore, China Resources Beer (Holdings) Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.42.

The historical rank and industry rank for China Resources Beer (Holdings) Co's Equity-to-Asset or its related term are showing as below:

HKSE:00291' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24 Med: 0.46 Max: 0.49
Current: 0.42

During the past 13 years, the highest Equity to Asset Ratio of China Resources Beer (Holdings) Co was 0.49. The lowest was 0.24. And the median was 0.46.

HKSE:00291's Equity-to-Asset is ranked worse than
63.72% of 215 companies
in the Beverages - Alcoholic industry
Industry Median: 0.5 vs HKSE:00291: 0.42

China Resources Beer (Holdings) Co Equity-to-Asset Historical Data

The historical data trend for China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co Equity-to-Asset Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.47

0.49

0.48

0.47

0.42

China Resources Beer (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.48	0.48	0.47	0.40	0.42

Competitive Comparison of China Resources Beer (Holdings) Co's Equity-to-Asset

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) Co's Equity-to-Asset Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's Equity-to-Asset falls into.

China Resources Beer (Holdings) 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.

China Resources Beer (Holdings) 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
	=	33136.031	/	78231.441
	=	0.42

China Resources Beer (Holdings) 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
	=	33136.031	/	78231.441
	=	0.42

China Resources Beer (Holdings) Co (HKSE:00291) 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 Resources Beer (Holdings) Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of China Resources Beer (Holdings) Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Beer (Holdings) Co (HKSE:00291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (HKSE:00291) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

CRHKY:USA CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

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