Old Chang Kee (SGX:5ML) Equity-to-Asset : 0.53 (As of Sep. 2023)

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What is Old Chang Kee Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Old Chang Kee's Total Stockholders Equity for the quarter that ended in Sep. 2023 was S$44.13 Mil. Old Chang Kee's Total Assets for the quarter that ended in Sep. 2023 was S$82.61 Mil. Therefore, Old Chang Kee's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.53.

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

SGX:5ML' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.54 Max: 0.68
Current: 0.53

During the past 13 years, the highest Equity to Asset Ratio of Old Chang Kee was 0.68. The lowest was 0.39. And the median was 0.54.

SGX:5ML's Equity-to-Asset is ranked better than
75.07% of 349 companies
in the Restaurants industry
Industry Median: 0.37 vs SGX:5ML: 0.53

Old Chang Kee Equity-to-Asset Historical Data

The historical data trend for Old Chang Kee'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.

Old Chang Kee Equity-to-Asset Chart

Old Chang Kee Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.56

0.39

0.44

0.50

0.52

Old Chang Kee Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial															0.48	0.50	0.52	0.52	0.53

Competitive Comparison of Old Chang Kee's Equity-to-Asset

For the Restaurants subindustry, Old Chang Kee'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.

Old Chang Kee's Equity-to-Asset Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Old Chang Kee's Equity-to-Asset falls into.

Old Chang Kee 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.

Old Chang Kee'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
	=	40.956	/	79.368
	=	0.52

Old Chang Kee'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
	=	44.129	/	82.61
	=	0.53

Old Chang Kee (SGX:5ML) 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%.

Old Chang Kee Equity-to-Asset Related Terms

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

Old Chang Kee (SGX:5ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Old Chang Kee Ltd (SGX:5ML) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Woodlands Terrace, Singapore, SGP, 738427

Website

https://www.oldchangkee.com

Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and derives a majority of its revenue from Singapore. The company is engaged in the manufacture and sale of food products under the Old Chang Kee brand name, Bun Times retail outlets offer Hainanese buns with a range of fillings, such as curry chicken and coconut, and the Curry Times, Take 5 and Mushroom to dine in retail outlets carry a range of local delights, such as laksa, mee siam, nasi lemak, and curry chicken.

Old Chang Kee (SGX:5ML) Headlines

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