China Tobacco International (HK) Co (HKSE:06055) Equity-to-Asset : 0.37 (As of Dec. 2023)

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What is China Tobacco International (HK) Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. China Tobacco International (HK) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$2,494 Mil. China Tobacco International (HK) Co's Total Assets for the quarter that ended in Dec. 2023 was HK$6,740 Mil. Therefore, China Tobacco International (HK) Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.37.

The historical rank and industry rank for China Tobacco International (HK) Co's Equity-to-Asset or its related term are showing as below:

HKSE:06055' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.41 Max: 0.56
Current: 0.37

During the past 8 years, the highest Equity to Asset Ratio of China Tobacco International (HK) Co was 0.56. The lowest was 0.27. And the median was 0.41.

HKSE:06055's Equity-to-Asset is ranked worse than
54.72% of 53 companies
in the Tobacco Products industry
Industry Median: 0.41 vs HKSE:06055: 0.37

China Tobacco International (HK) Co Equity-to-Asset Historical Data

The historical data trend for China Tobacco International (HK) 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.

China Tobacco International (HK) Co Equity-to-Asset Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.56

0.46

0.37

0.32

0.37

China Tobacco International (HK) Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial									0.37	0.30	0.32	0.38	0.37

Competitive Comparison of China Tobacco International (HK) Co's Equity-to-Asset

For the Tobacco subindustry, China Tobacco International (HK) 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.

China Tobacco International (HK) Co's Equity-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where China Tobacco International (HK) Co's Equity-to-Asset falls into.

China Tobacco International (HK) 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.

China Tobacco International (HK) 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
	=	2493.671	/	6740.395
	=	0.37

China Tobacco International (HK) 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
	=	2493.671	/	6740.395
	=	0.37

China Tobacco International (HK) Co (HKSE:06055) 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%.

China Tobacco International (HK) Co Equity-to-Asset Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

China Tobacco International (HK) Co (HKSE:06055) Headlines

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