Wise Living Technology Co (HKSE:02481) Equity-to-Asset : 0.18 (As of Dec. 2023)

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What is Wise Living Technology Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Wise Living Technology Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$1,155 Mil. Wise Living Technology Co's Total Assets for the quarter that ended in Dec. 2023 was HK$6,341 Mil. Therefore, Wise Living Technology Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.18.

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

HKSE:02481' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.13 Max: 0.18
Current: 0.18

During the past 4 years, the highest Equity to Asset Ratio of Wise Living Technology Co was 0.18. The lowest was 0.10. And the median was 0.13.

HKSE:02481's Equity-to-Asset is ranked worse than
85.1% of 443 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.4 vs HKSE:02481: 0.18

Wise Living Technology Co Equity-to-Asset Historical Data

The historical data trend for Wise Living Technology 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.

Wise Living Technology Co Equity-to-Asset Chart

Wise Living Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.10

0.13

0.14

0.18

Wise Living Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.13	-	0.14	0.16	0.18

Competitive Comparison of Wise Living Technology Co's Equity-to-Asset

For the Utilities - Independent Power Producers subindustry, Wise Living Technology 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.

Wise Living Technology Co's Equity-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wise Living Technology Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Wise Living Technology Co's Equity-to-Asset falls into.

Wise Living Technology 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.

Wise Living Technology 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
	=	1154.82	/	6340.59
	=	0.18

Wise Living Technology 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
	=	1154.82	/	6340.59
	=	0.18

Wise Living Technology Co (HKSE:02481) 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%.

Wise Living Technology Co Equity-to-Asset Related Terms

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

Wise Living Technology Co (HKSE:02481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Wise Living Technology Co Ltd (HKSE:02481) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

No. 15 Shuangliang Road, Ligang Street, Room 202, 2nd Floor, Jiangsu, Jiangyin, CHN

Website

http://www.hjkj.cn

Wise Living Technology Co Ltd is a cross-provincial heat service provider mainly operating in the Three North Region. It is principally engaged in the provision of heat services to residential and non-residential heat service customers under concession rights. In addition to its provision of heat services, which is considered as a public utility business, the company also provides heat-related; engineering construction services; and EMC services.

Executives

Galaxy Way Development Limited	2101 Beneficial owner
Gofintech Innovation Limited	2201 Interest of corporation controlled by you
Jiang Gang International Investment Company Limited	2101 Beneficial owner
Zhou Xiaoping	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Guo You Zi Ben Kong Gu Ji Tuan Jin Rong Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Xing Yi Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

Wise Living Technology Co (HKSE:02481) Headlines

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