Huitongda Network Co (HKSE:09878) Equity-to-Asset : 0.27 (As of Dec. 2023)

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What is Huitongda Network Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Huitongda Network Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$8,501 Mil. Huitongda Network Co's Total Assets for the quarter that ended in Dec. 2023 was HK$31,840 Mil. Therefore, Huitongda Network Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.27.

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

HKSE:09878' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15 Med: -0.13 Max: 0.28
Current: 0.27

During the past 6 years, the highest Equity to Asset Ratio of Huitongda Network Co was 0.28. The lowest was -0.15. And the median was -0.13.

HKSE:09878's Equity-to-Asset is ranked worse than
79.54% of 2850 companies
in the Software industry
Industry Median: 0.54 vs HKSE:09878: 0.27

Huitongda Network Co Equity-to-Asset Historical Data

The historical data trend for Huitongda Network 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.

Huitongda Network Co Equity-to-Asset Chart

Huitongda Network Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

-0.13

-0.15

-0.12

0.28

0.27

Huitongda Network Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial				-0.12	0.25	0.28	0.25	0.27

Competitive Comparison of Huitongda Network Co's Equity-to-Asset

For the Software - Application subindustry, Huitongda Network 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.

Huitongda Network Co's Equity-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Huitongda Network Co's Equity-to-Asset distribution charts can be found below:

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

Huitongda Network 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.

Huitongda Network 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
	=	8501.352	/	31839.98
	=	0.27

Huitongda Network 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
	=	8501.352	/	31839.98
	=	0.27

Huitongda Network Co (HKSE:09878) 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%.

Huitongda Network Co Equity-to-Asset Related Terms

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

Huitongda Network Co (HKSE:09878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Zhongling Street, Huitongda Building, Jiangsu Province, Nanjing, CHN

Website

https://www.htd.cn

Huitongda Network Co Ltd is a transaction and service platform serving corporate customers in China's retail industry, and is committed to providing high-quality goods and services for China's sinking market. In addition, Huitongda also provides store SaaS and merchant solutions to retail stores and channel cooperation customers in the industrial value chain by virtue of its digital capabilities, and provides a stable one-stop supply chain to member retail stores, including providing rich and diverse services on the platform.

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