Deewin Tianxia Co (HKSE:02418) Equity-to-Asset : 0.36 (As of Dec. 2023)

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What is Deewin Tianxia Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Deewin Tianxia Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$3,632 Mil. Deewin Tianxia Co's Total Assets for the quarter that ended in Dec. 2023 was HK$10,068 Mil. Therefore, Deewin Tianxia Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.36.

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

HKSE:02418' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.24 Max: 0.36
Current: 0.36

During the past 5 years, the highest Equity to Asset Ratio of Deewin Tianxia Co was 0.36. The lowest was 0.18. And the median was 0.24.

HKSE:02418's Equity-to-Asset is ranked worse than
67.3% of 1312 companies
in the Vehicles & Parts industry
Industry Median: 0.46 vs HKSE:02418: 0.36

Deewin Tianxia Co Equity-to-Asset Historical Data

The historical data trend for Deewin Tianxia 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.

Deewin Tianxia Co Equity-to-Asset Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.18

0.19

0.24

0.36

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.24	0.25	0.36	0.38	0.36

Competitive Comparison of Deewin Tianxia Co's Equity-to-Asset

For the Auto & Truck Dealerships subindustry, Deewin Tianxia 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.

Deewin Tianxia Co's Equity-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Deewin Tianxia Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Deewin Tianxia Co's Equity-to-Asset falls into.

Deewin Tianxia 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.

Deewin Tianxia 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
	=	3631.562	/	10068.047
	=	0.36

Deewin Tianxia 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
	=	3631.562	/	10068.047
	=	0.36

Deewin Tianxia Co (HKSE:02418) 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%.

Deewin Tianxia Co Equity-to-Asset Related Terms

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Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

Deewin Tianxia Co (HKSE:02418) Headlines

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