Tong Ren Tang Technologies Co (HKSE:01666) Equity-to-Asset : 0.51 (As of Dec. 2023)

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What is Tong Ren Tang Technologies Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tong Ren Tang Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$7,535 Mil. Tong Ren Tang Technologies Co's Total Assets for the quarter that ended in Dec. 2023 was HK$14,774 Mil. Therefore, Tong Ren Tang Technologies Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.51.

The historical rank and industry rank for Tong Ren Tang Technologies Co's Equity-to-Asset or its related term are showing as below:

HKSE:01666' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.53 Max: 0.64
Current: 0.51

During the past 13 years, the highest Equity to Asset Ratio of Tong Ren Tang Technologies Co was 0.64. The lowest was 0.51. And the median was 0.53.

HKSE:01666's Equity-to-Asset is ranked worse than
58.66% of 1086 companies
in the Drug Manufacturers industry
Industry Median: 0.58 vs HKSE:01666: 0.51

Tong Ren Tang Technologies Co Equity-to-Asset Historical Data

The historical data trend for Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies Co Equity-to-Asset Chart

Tong Ren Tang Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.53

0.52

0.51

Tong Ren Tang Technologies 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															0.52	0.50	0.52	0.51	0.51

Competitive Comparison of Tong Ren Tang Technologies Co's Equity-to-Asset

For the Drug Manufacturers - General subindustry, Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies Co's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tong Ren Tang Technologies Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tong Ren Tang Technologies Co's Equity-to-Asset falls into.

Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies 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
	=	7535.499	/	14774.483
	=	0.51

Tong Ren Tang Technologies 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
	=	7535.499	/	14774.483
	=	0.51

Tong Ren Tang Technologies Co (HKSE:01666) 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%.

Tong Ren Tang Technologies Co Equity-to-Asset Related Terms

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

Tong Ren Tang Technologies Co (HKSE:01666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tong Ren Tang Technologies Co Ltd (HKSE:01666) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

TGRNF:USA TNG:Germany

Address

No. 16 Tongji Beilu, Beijing Economic and Technological Development Zone, Beijing, CHN

Website

https://www.tongrentangkj.com

Tong Ren Tang Technologies Co Ltd is engaged in the production and distribution of Chinese medicine and primarily operates in Mainland China and Hong Kong. The operating segments derive their revenue primarily from the manufacture and sale of Chinese medicine of the company in Mainland China and Tong Ren Tang Chinese Medicine and its subsidiaries engaged in manufacturing, retail, and wholesale of Chinese medicine products and healthcare products, and provision of Chinese medical consultation and treatments outside Mainland China and wholesale of healthcare products in Mainland China.

Executives

Citigroup Inc.	2502 Approved lending agent
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Aberdeen Asset Management Plc And Its Associates	2102 Investment manager

Tong Ren Tang Technologies Co (HKSE:01666) Headlines

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