Kings Metal Fiber Technologies Co (ROCO:6832) Equity-to-Asset : 0.48 (As of Dec. 2023)

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What is Kings Metal Fiber Technologies Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kings Metal Fiber Technologies Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was NT$433.6 Mil. Kings Metal Fiber Technologies Co's Total Assets for the quarter that ended in Dec. 2023 was NT$899.1 Mil. Therefore, Kings Metal Fiber Technologies Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.48.

The historical rank and industry rank for Kings Metal Fiber Technologies Co's Equity-to-Asset or its related term are showing as below:

ROCO:6832' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.4 Max: 0.48
Current: 0.48

During the past 6 years, the highest Equity to Asset Ratio of Kings Metal Fiber Technologies Co was 0.48. The lowest was 0.34. And the median was 0.40.

ROCO:6832's Equity-to-Asset is ranked worse than
56.85% of 1080 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs ROCO:6832: 0.48

Kings Metal Fiber Technologies Co Equity-to-Asset Historical Data

The historical data trend for Kings Metal Fiber 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.

Kings Metal Fiber Technologies Co Equity-to-Asset Chart

Kings Metal Fiber Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.34

0.37

0.38

0.42

0.48

Kings Metal Fiber Technologies Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					0.38	0.38	0.42	0.44	0.48

Competitive Comparison of Kings Metal Fiber Technologies Co's Equity-to-Asset

For the Textile Manufacturing subindustry, Kings Metal Fiber 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.

Kings Metal Fiber Technologies Co's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kings Metal Fiber Technologies Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Kings Metal Fiber Technologies Co's Equity-to-Asset falls into.

Kings Metal Fiber 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.

Kings Metal Fiber 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
	=	433.589	/	899.112
	=	0.48

Kings Metal Fiber 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
	=	433.589	/	899.112
	=	0.48

Kings Metal Fiber Technologies Co (ROCO:6832) 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%.

Kings Metal Fiber Technologies Co Equity-to-Asset Related Terms

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

Kings Metal Fiber Technologies Co (ROCO:6832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kings Metal Fiber Technologies Co Ltd (ROCO:6832) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linsen N. Road, 8th Floor, No. 426, Zhongshan District, Taipei, TWN, 104

Website

http://www.kingsmetalfiber.com

Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.

Kings Metal Fiber Technologies Co (ROCO:6832) Headlines

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