Tianqi Lithium (HKSE:09696) Equity-to-Asset : 0.71 (As of Dec. 2023)

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What is Tianqi Lithium Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tianqi Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$58,199 Mil. Tianqi Lithium's Total Assets for the quarter that ended in Dec. 2023 was HK$82,000 Mil. Therefore, Tianqi Lithium's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.71.

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

HKSE:09696' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.31 Max: 0.71
Current: 0.71

During the past 5 years, the highest Equity to Asset Ratio of Tianqi Lithium was 0.71. The lowest was 0.12. And the median was 0.31.

HKSE:09696's Equity-to-Asset is ranked worse than
58.54% of 2706 companies
in the Metals & Mining industry
Industry Median: 0.8 vs HKSE:09696: 0.71

Tianqi Lithium Equity-to-Asset Historical Data

The historical data trend for Tianqi Lithium'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.

Tianqi Lithium Equity-to-Asset Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.15

0.12

0.31

0.69

0.71

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial								0.69	0.67	0.71	0.71	-

Competitive Comparison of Tianqi Lithium's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.

Tianqi Lithium's Equity-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium's Equity-to-Asset falls into.

Tianqi Lithium 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.

Tianqi Lithium'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
	=	58198.745	/	81999.585
	=	0.71

Tianqi Lithium'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
	=	58198.745	/	81999.585
	=	0.71

Tianqi Lithium (HKSE:09696) 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%.

Tianqi Lithium Equity-to-Asset Related Terms

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

Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium (HKSE:09696) Headlines

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