Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Neo-Neon Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,698.6 Mil. Neo-Neon Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$1,987.3 Mil.
Therefore, Neo-Neon Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.86.
The historical rank and industry rank for Neo-Neon Holdings's Equity-to-Asset or its related term are showing as below:
HKSE:01868'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.6 Med: 0.79 Max: 0.86
Current: 0.86
During the past 13 years, the highest Equity to Asset Ratio of Neo-Neon Holdings was 0.86. The lowest was 0.60. And the median was 0.79.
HKSE:01868's Equity-to-Asset is ranked better than 92.38% of 3033
companies
in the Industrial Products industry
Industry Median: 0.56
vs HKSE:01868: 0.86
Neo-Neon Holdings Equity-to-Asset Historical Data
The historical data trend for Neo-Neon 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 Neo-Neon Holdings's Equity-to-Asset
For the Electrical Equipment & Parts subindustry, Neo-Neon 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.
Neo-Neon Holdings's Equity-to-Asset Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Neo-Neon Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Neo-Neon Holdings's Equity-to-Asset falls into.
Neo-Neon 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.
Neo-Neon Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 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%.
Neo-Neon Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Neo-Neon Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Neo-Neon Holdings (HKSE:01868) Business Description
Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.
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