Canggang Railway (HKSE:02169) Equity-to-Asset : 0.56 (As of Dec. 2023)

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What is Canggang Railway Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Canggang Railway's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$815.9 Mil. Canggang Railway's Total Assets for the quarter that ended in Dec. 2023 was HK$1,450.3 Mil. Therefore, Canggang Railway's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.56.

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

HKSE:02169' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.58 Max: 0.6
Current: 0.56

During the past 7 years, the highest Equity to Asset Ratio of Canggang Railway was 0.60. The lowest was 0.41. And the median was 0.58.

HKSE:02169's Equity-to-Asset is ranked better than
62.14% of 980 companies
in the Transportation industry
Industry Median: 0.49 vs HKSE:02169: 0.56

Canggang Railway Equity-to-Asset Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway Equity-to-Asset Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.41

0.56

0.60

0.58

0.56

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial						0.60	0.58	0.58	0.55	0.56

Competitive Comparison of Canggang Railway's Equity-to-Asset

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Canggang Railway's Equity-to-Asset falls into.

Canggang Railway 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.

Canggang Railway'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
	=	815.905	/	1450.332
	=	0.56

Canggang Railway'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
	=	815.905	/	1450.332
	=	0.56

Canggang Railway (HKSE:02169) 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%.

Canggang Railway Equity-to-Asset Related Terms

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

Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

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