Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Equity-to-Asset : 0.85 (As of Dec. 2023)

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What is Meihua International Medical Technologies Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Meihua International Medical Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $146.33 Mil. Meihua International Medical Technologies Co's Total Assets for the quarter that ended in Dec. 2023 was $171.92 Mil. Therefore, Meihua International Medical Technologies Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.85.

The historical rank and industry rank for Meihua International Medical Technologies Co's Equity-to-Asset or its related term are showing as below:

MHUA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.79 Med: 0.82 Max: 0.85
Current: 0.85

During the past 5 years, the highest Equity to Asset Ratio of Meihua International Medical Technologies Co was 0.85. The lowest was 0.79. And the median was 0.82.

MHUA's Equity-to-Asset is ranked better than
82.64% of 870 companies
in the Medical Devices & Instruments industry
Industry Median: 0.65 vs MHUA: 0.85

Meihua International Medical Technologies Co Equity-to-Asset Historical Data

The historical data trend for Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co Equity-to-Asset Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.82

0.80

0.79

0.84

0.85

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial				0.79	0.86	0.84	0.85	0.85

Competitive Comparison of Meihua International Medical Technologies Co's Equity-to-Asset

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Equity-to-Asset falls into.

Meihua International Medical Technologies 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.

Meihua International Medical Technologies 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
	=	146.332	/	171.915
	=	0.85

Meihua International Medical Technologies 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
	=	146.332	/	171.915
	=	0.85

Meihua International Medical Technologies Co (NAS:MHUA) 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%.

Meihua International Medical Technologies Co Equity-to-Asset Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.