Chi Kan Holdings (HKSE:09913) Equity-to-Asset : 0.74 (As of Sep. 2023)

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What is Chi Kan Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Chi Kan Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$462 Mil. Chi Kan Holdings's Total Assets for the quarter that ended in Sep. 2023 was HK$625 Mil. Therefore, Chi Kan Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.74.

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

HKSE:09913' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.73 Max: 0.84
Current: 0.74

During the past 6 years, the highest Equity to Asset Ratio of Chi Kan Holdings was 0.84. The lowest was 0.46. And the median was 0.73.

HKSE:09913's Equity-to-Asset is ranked better than
88.61% of 1685 companies
in the Construction industry
Industry Median: 0.44 vs HKSE:09913: 0.74

Chi Kan Holdings Equity-to-Asset Historical Data

The historical data trend for Chi Kan Holdings'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.

Chi Kan Holdings Equity-to-Asset Chart

Chi Kan Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.84

0.76

0.69

0.63

Chi Kan Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial						0.72	0.69	0.70	0.63	0.74

Competitive Comparison of Chi Kan Holdings's Equity-to-Asset

For the Engineering & Construction subindustry, Chi Kan Holdings'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.

Chi Kan Holdings's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chi Kan Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Chi Kan Holdings's Equity-to-Asset falls into.

Chi Kan Holdings 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.

Chi Kan Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	445.551	/	711.545
	=	0.63

Chi Kan Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	462.115	/	624.537
	=	0.74

Chi Kan Holdings (HKSE:09913) 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%.

Chi Kan Holdings Equity-to-Asset Related Terms

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

Chi Kan Holdings (HKSE:09913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Kan Holdings Ltd (HKSE:09913) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG

Website

http://www.chikanck.com

Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The Company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel. It also provides other construction services, including plastering, installing curtain walls and other miscellaneous works on an ancillary basis. It derives all its revenue from Hong Kong.

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