The historical rank and industry rank for Zhengwei Group Holdings Co's Equity-to-Asset or its related term are showing as below:
HKSE:02147'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.58 Max: 0.84
Current: 0.84
During the past 5 years, the highest Equity to Asset Ratio of Zhengwei Group Holdings Co was 0.84. The lowest was 0.41. And the median was 0.58.
HKSE:02147's Equity-to-Asset is ranked better than 90.39% of 1926
companies
in the Consumer Packaged Goods industry
Industry Median: 0.54
vs HKSE:02147: 0.84
Zhengwei Group Holdings Co Equity-to-Asset Historical Data
* 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 Zhengwei Group Holdings Co's Equity-to-Asset
For the Packaged Foods subindustry, Zhengwei Group 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.
Zhengwei Group Holdings Co's Equity-to-Asset Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Zhengwei Group Holdings Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Zhengwei Group Holdings Co's Equity-to-Asset falls into.
Zhengwei Group 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.
Zhengwei Group Holdings Co'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.
Zhengwei Group Holdings Co (HKSE:02147) 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%.
Zhengwei Group Holdings Co Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Zhengwei Group Holdings Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhengwei Group Holdings Co (HKSE:02147) Business Description
Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from PRC.
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