Tian Cheng Holdings (HKSE:02110) Equity-to-Asset : 0.67 (As of Nov. 2023)

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What is Tian Cheng Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tian Cheng Holdings's Total Stockholders Equity for the quarter that ended in Nov. 2023 was HK$98.3 Mil. Tian Cheng Holdings's Total Assets for the quarter that ended in Nov. 2023 was HK$146.6 Mil. Therefore, Tian Cheng Holdings's Equity to Asset Ratio for the quarter that ended in Nov. 2023 was 0.67.

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

HKSE:02110' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.67 Max: 0.85
Current: 0.67

During the past 7 years, the highest Equity to Asset Ratio of Tian Cheng Holdings was 0.85. The lowest was 0.38. And the median was 0.67.

HKSE:02110's Equity-to-Asset is ranked better than
81.13% of 1685 companies
in the Construction industry
Industry Median: 0.45 vs HKSE:02110: 0.67

Tian Cheng Holdings Equity-to-Asset Historical Data

The historical data trend for Tian Cheng 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.

Tian Cheng Holdings Equity-to-Asset Chart

Tian Cheng Holdings Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Equity-to-Asset

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0.59

0.66

0.76

0.85

0.73

Tian Cheng Holdings Semi-Annual Data
	May17	May18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Equity-to-Asset	Get a 7-Day Free Trial							0.75	0.85	0.71	0.73	0.67

Competitive Comparison of Tian Cheng Holdings's Equity-to-Asset

For the Engineering & Construction subindustry, Tian Cheng 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.

Tian Cheng Holdings's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tian Cheng Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tian Cheng Holdings's Equity-to-Asset falls into.

Tian Cheng 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.

Tian Cheng Holdings's Equity to Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

Equity to Asset (A: May. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	106.471	/	145.987
	=	0.73

Tian Cheng Holdings's Equity to Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

Equity to Asset (Q: Nov. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	98.253	/	146.559
	=	0.67

Tian Cheng Holdings (HKSE:02110) 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%.

Tian Cheng Holdings Equity-to-Asset Related Terms

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

Tian Cheng Holdings (HKSE:02110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tian Cheng Holdings Ltd (HKSE:02110) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.yuekanholdings.com

Tian Cheng Holdings Ltd formerly Yue Kan Holdings Ltd is a marine construction works subcontractor. The company's operating segment includes Marine construction works; Other civil engineering works and Vessel chartering services. It generates maximum revenue from the Marine construction works segment. Geographically, it derives revenue from Hong Kong.

Executives

Ouyang Chengguo	2101 Beneficial owner
Yue Hang Investment Limited	2101 Beneficial owner
Heung Che Kan	2201 Interest of corporation controlled by you
Mok Man Yee Lisa	2202 Interest of your spouse

Tian Cheng Holdings (HKSE:02110) Headlines

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