Weili Holdings (HKSE:02372) Equity-to-Asset : 0.60 (As of Dec. 2023)

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What is Weili Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Weili Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$240.9 Mil. Weili Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$399.4 Mil. Therefore, Weili Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.60.

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

HKSE:02372' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.34 Max: 0.69
Current: 0.6

During the past 5 years, the highest Equity to Asset Ratio of Weili Holdings was 0.69. The lowest was 0.32. And the median was 0.34.

HKSE:02372's Equity-to-Asset is ranked better than
70.59% of 51 companies
in the Tobacco Products industry
Industry Median: 0.44 vs HKSE:02372: 0.60

Weili Holdings Equity-to-Asset Historical Data

The historical data trend for Weili 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.

Weili Holdings Equity-to-Asset Chart

Weili Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.34

0.32

0.34

0.69

0.60

Weili Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.34	0.57	0.69	0.68	0.60

Competitive Comparison of Weili Holdings's Equity-to-Asset

For the Tobacco subindustry, Weili 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.

Weili Holdings's Equity-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Weili Holdings's Equity-to-Asset distribution charts can be found below:

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

Weili 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.

Weili Holdings'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
	=	240.861	/	399.378
	=	0.60

Weili Holdings'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
	=	240.861	/	399.378
	=	0.60

Weili Holdings (HKSE:02372) 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%.

Weili Holdings Equity-to-Asset Related Terms

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

Weili Holdings (HKSE:02372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Weili Holdings Ltd (HKSE:02372) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial Park, Hong’an County, Hubei Province, Mi’ersi Town, CHN

Website

http://www.weiliholdings.com

Weili Holdings Ltd is a cigarette wrapping paper manufacturer in China with research and development capabilities to supply customized products to customers. The company mainly supply products to cigarette packaging manufacturers operating in various provinces in China, mainly including Hubei and Henan. The products sold by the company are used in the manufacture of cigarette packaging for well-known tobacco brands in China.

Weili Holdings (HKSE:02372) Headlines

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