Changzhou Fusion New Material Co (SHSE:688503) Equity-to-Asset : 0.61 (As of Mar. 2024)

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What is Changzhou Fusion New Material Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Changzhou Fusion New Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,702 Mil. Changzhou Fusion New Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,714 Mil. Therefore, Changzhou Fusion New Material Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.61.

The historical rank and industry rank for Changzhou Fusion New Material Co's Equity-to-Asset or its related term are showing as below:

SHSE:688503' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.6 Max: 0.78
Current: 0.61

During the past 6 years, the highest Equity to Asset Ratio of Changzhou Fusion New Material Co was 0.78. The lowest was 0.42. And the median was 0.60.

SHSE:688503's Equity-to-Asset is ranked worse than
51.8% of 1002 companies
in the Semiconductors industry
Industry Median: 0.63 vs SHSE:688503: 0.61

Changzhou Fusion New Material Co Equity-to-Asset Historical Data

The historical data trend for Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co Equity-to-Asset Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.42

0.66

0.43

0.78

0.66

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial											0.77	0.73	0.67	0.66	0.61

Competitive Comparison of Changzhou Fusion New Material Co's Equity-to-Asset

For the Solar subindustry, Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co's Equity-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Fusion New Material Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Changzhou Fusion New Material Co's Equity-to-Asset falls into.

Changzhou Fusion New Material 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.

Changzhou Fusion New Material 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
	=	4919.843	/	7495.752
	=	0.66

Changzhou Fusion New Material Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	4702.191	/	7714.288
	=	0.61

Changzhou Fusion New Material Co (SHSE:688503) 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%.

Changzhou Fusion New Material Co Equity-to-Asset Related Terms

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

Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

Changzhou Fusion New Material Co (SHSE:688503) Headlines

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