Precious Dragon Technology Holdings (HKSE:01861) Equity-to-Asset : 0.64 (As of Dec. 2023)

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What is Precious Dragon Technology Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Precious Dragon Technology Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$308.4 Mil. Precious Dragon Technology Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$484.8 Mil. Therefore, Precious Dragon Technology Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.64.

The historical rank and industry rank for Precious Dragon Technology Holdings's Equity-to-Asset or its related term are showing as below:

HKSE:01861' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.56 Max: 0.67
Current: 0.64

During the past 8 years, the highest Equity to Asset Ratio of Precious Dragon Technology Holdings was 0.67. The lowest was 0.43. And the median was 0.56.

HKSE:01861's Equity-to-Asset is ranked better than
78.19% of 1119 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs HKSE:01861: 0.64

Precious Dragon Technology Holdings Equity-to-Asset Historical Data

The historical data trend for Precious Dragon Technology 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.

* Premium members only.

Precious Dragon Technology Holdings Equity-to-Asset Chart

Precious Dragon Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.65

0.43

0.47

0.56

0.64

Precious Dragon Technology Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.47	0.45	0.56	0.58	0.64

Competitive Comparison of Precious Dragon Technology Holdings's Equity-to-Asset

For the Specialty Retail subindustry, Precious Dragon Technology 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.

Precious Dragon Technology Holdings's Equity-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Precious Dragon Technology Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Precious Dragon Technology Holdings's Equity-to-Asset falls into.

Precious Dragon Technology 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.

Precious Dragon Technology Holdings'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
	=	308.371	/	484.764
	=	0.64

Precious Dragon Technology Holdings'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
	=	308.371	/	484.764
	=	0.64

Precious Dragon Technology Holdings (HKSE:01861) 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%.

Precious Dragon Technology Holdings Equity-to-Asset Related Terms

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

Precious Dragon Technology Holdings (HKSE:01861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Precious Dragon Technology Holdings Ltd (HKSE:01861) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 628, Jufeng North Road, Aotou Town, Conghua District, Guangdong Province, Guangzhou, CHN

Website

https://www.botny.com

Precious Dragon Technology Holdings Ltd is an investment holding company. The company operates in the segments of Automotive beauty and maintenance products; and Personal care products. The majority of its revenue comes from the Automotive segment, which includes products such as auto cleaning and maintenance products (auto interior decoration cleaning products, tire and wheel cleaning, and care products), paint and coating (chrome aerosol spray), winter and summer specials (refrigerant and cold cranking agent), and air-fresheners. The company products are in the form of both aerosol and non-aerosol products. Some of its brands are ATM, NISSEI, PARLUX, PISCIS, and ETOMAN. Its geographical segments are Mainland China, Japan, Asia, the Middle East, America, and Others.

Precious Dragon Technology Holdings (HKSE:01861) Headlines

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