FIT Hon Teng (HKSE:06088) Equity-to-Asset : 0.48 (As of Dec. 2023)

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What is FIT Hon Teng Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FIT Hon Teng's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$19,015 Mil. FIT Hon Teng's Total Assets for the quarter that ended in Dec. 2023 was HK$39,781 Mil. Therefore, FIT Hon Teng's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.48.

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

HKSE:06088' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45 Med: 0.48 Max: 0.6
Current: 0.48

During the past 8 years, the highest Equity to Asset Ratio of FIT Hon Teng was 0.60. The lowest was 0.45. And the median was 0.48.

HKSE:06088's Equity-to-Asset is ranked worse than
64.01% of 2487 companies
in the Hardware industry
Industry Median: 0.57 vs HKSE:06088: 0.48

FIT Hon Teng Equity-to-Asset Historical Data

The historical data trend for FIT Hon Teng'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.

FIT Hon Teng Equity-to-Asset Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.47

0.48

0.52

0.48

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.48	0.49	0.52	0.49	0.48

Competitive Comparison of FIT Hon Teng's Equity-to-Asset

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where FIT Hon Teng's Equity-to-Asset falls into.

FIT Hon Teng 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.

FIT Hon Teng'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
	=	19015.496	/	39781.059
	=	0.48

FIT Hon Teng'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
	=	19015.496	/	39781.059
	=	0.48

FIT Hon Teng (HKSE:06088) 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%.

FIT Hon Teng Equity-to-Asset Related Terms

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

FIT Hon Teng (HKSE:06088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (HKSE:06088) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

FITGF:USA 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

FIT Hon Teng (HKSE:06088) Headlines

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