Nongfu Spring Co (HKSE:09633) Equity-to-Asset : 0.58 (As of Dec. 2023)

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What is Nongfu Spring Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nongfu Spring Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$31,250 Mil. Nongfu Spring Co's Total Assets for the quarter that ended in Dec. 2023 was HK$53,745 Mil. Therefore, Nongfu Spring Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.58.

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

HKSE:09633' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56 Med: 0.61 Max: 0.69
Current: 0.58

During the past 7 years, the highest Equity to Asset Ratio of Nongfu Spring Co was 0.69. The lowest was 0.56. And the median was 0.61.

HKSE:09633's Equity-to-Asset is ranked better than
52.29% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.57 vs HKSE:09633: 0.58

Nongfu Spring Co Equity-to-Asset Historical Data

The historical data trend for Nongfu Spring 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.

Nongfu Spring Co Equity-to-Asset Chart

Nongfu Spring Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.56

0.60

0.63

0.61

0.58

Nongfu Spring Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.63	0.52	0.61	0.45	0.58

Competitive Comparison of Nongfu Spring Co's Equity-to-Asset

For the Beverages - Non-Alcoholic subindustry, Nongfu Spring 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.

Nongfu Spring Co's Equity-to-Asset Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Nongfu Spring Co's Equity-to-Asset distribution charts can be found below:

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

Nongfu Spring 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.

Nongfu Spring 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
	=	31250.253	/	53745.155
	=	0.58

Nongfu Spring 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
	=	31250.253	/	53745.155
	=	0.58

Nongfu Spring Co (HKSE:09633) 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%.

Nongfu Spring Co Equity-to-Asset Related Terms

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Nongfu Spring Co (HKSE:09633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Nongfu Spring Co Ltd (HKSE:09633) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NNFSF:USA 7NF:Germany

Address

No. 181, Geyazhuang, Xihu District, Hangzhou, CHN, 310024

Website

https://www.nongfuspring.com

Founded in 1996, Nongfu Spring is a leading manufacturer of bottled water, ready-to-drink tea, juice and functional beverages in China. It holds the number-one share in the bottled water market; this segment contributed approximately 55% of the firm's revenue and EBIT in 2022.

Nongfu Spring Co (HKSE:09633) Headlines

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