MicroTech Medical (Hangzhou) Co (HKSE:02235) Equity-to-Asset : 0.96 (As of Dec. 2023)

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What is MicroTech Medical (Hangzhou) Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MicroTech Medical (Hangzhou) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,254.4 Mil. MicroTech Medical (Hangzhou) Co's Total Assets for the quarter that ended in Dec. 2023 was HK$2,361.2 Mil. Therefore, MicroTech Medical (Hangzhou) Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.96.

The historical rank and industry rank for MicroTech Medical (Hangzhou) Co's Equity-to-Asset or its related term are showing as below:

HKSE:02235' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.82 Med: 0.96 Max: 0.97
Current: 0.96

During the past 5 years, the highest Equity to Asset Ratio of MicroTech Medical (Hangzhou) Co was 0.97. The lowest was 0.82. And the median was 0.96.

HKSE:02235's Equity-to-Asset is ranked better than
98.85% of 872 companies
in the Medical Devices & Instruments industry
Industry Median: 0.64 vs HKSE:02235: 0.96

MicroTech Medical (Hangzhou) Co Equity-to-Asset Historical Data

The historical data trend for MicroTech Medical (Hangzhou) Co'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.

MicroTech Medical (Hangzhou) Co Equity-to-Asset Chart

MicroTech Medical (Hangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.82

0.94

0.97

0.96

MicroTech Medical (Hangzhou) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.97	0.97	0.96	0.97	0.96

Competitive Comparison of MicroTech Medical (Hangzhou) Co's Equity-to-Asset

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Equity-to-Asset falls into.

MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co'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
	=	2254.371	/	2361.23
	=	0.95

MicroTech Medical (Hangzhou) Co'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
	=	2254.371	/	2361.23
	=	0.95

MicroTech Medical (Hangzhou) Co (HKSE:02235) 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%.

MicroTech Medical (Hangzhou) Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of MicroTech Medical (Hangzhou) Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

MicroTech Medical (Hangzhou) Co (HKSE:02235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.microtechmd.com

MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

MicroTech Medical (Hangzhou) Co (HKSE:02235) Headlines

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