Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Equity-to-Asset : 0.40 (As of Mar. 2024)

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What is Jiangsu Rainbow Heavy Industries Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Jiangsu Rainbow Heavy Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥4,052 Mil. Jiangsu Rainbow Heavy Industries Co's Total Assets for the quarter that ended in Mar. 2024 was ¥10,041 Mil. Therefore, Jiangsu Rainbow Heavy Industries Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.40.

The historical rank and industry rank for Jiangsu Rainbow Heavy Industries Co's Equity-to-Asset or its related term are showing as below:

SZSE:002483' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.54 Max: 0.63
Current: 0.4

During the past 13 years, the highest Equity to Asset Ratio of Jiangsu Rainbow Heavy Industries Co was 0.63. The lowest was 0.34. And the median was 0.54.

SZSE:002483's Equity-to-Asset is ranked worse than
75.44% of 3034 companies
in the Industrial Products industry
Industry Median: 0.56 vs SZSE:002483: 0.40

Jiangsu Rainbow Heavy Industries Co Equity-to-Asset Historical Data

The historical data trend for Jiangsu Rainbow Heavy Industries 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.

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Jiangsu Rainbow Heavy Industries Co Equity-to-Asset Chart

Jiangsu Rainbow Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.48

0.53

0.38

0.37

Jiangsu Rainbow Heavy Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.34	0.34	0.36	0.37	0.40

Competitive Comparison of Jiangsu Rainbow Heavy Industries Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Rainbow Heavy Industries Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Jiangsu Rainbow Heavy Industries Co's Equity-to-Asset falls into.

Jiangsu Rainbow Heavy Industries 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.

Jiangsu Rainbow Heavy Industries 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
	=	4000.31	/	10712.646
	=	0.37

Jiangsu Rainbow Heavy Industries 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
	=	4052.369	/	10041.218
	=	0.40

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) 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%.

Jiangsu Rainbow Heavy Industries Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Jiangsu Rainbow Heavy Industries Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Rainbow Heavy Industries Co Ltd (SZSE:002483) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Zhenxing West Road, Economic & Technology Development Zone, Natong, CHN, 226010

Website

http://www.jiangsurhi.com

Jiangsu Rainbow Heavy Industries Co Ltd is mainly engaged in the engineering, fabrication, sale, and maintenance of cranes in China. Its major business consists of 2 modules: high-end equipment manufactures and environmental protection. The high-end equipment manufacture module includes material lifting, offshore equipment, and shipbuilding, the products covered all kinds of lifting machinery, ship equipment, marine equipment, car parking equipment, engineering vessels and other related products. The environmental protection module includes industrial wastewater treatment, sludge treatment, hazardous solid waste disposal and other energy saving, recycling economy business.

Executives

Sha Ming Jun	Director
Wu Jian	Directors, executives
Xie Gui Xing	Directors, executives, directors
Sun Jian Cheng	Executives
Li Xiao Qin	Executives
Lin Bo	Executives

Jiangsu Rainbow Heavy Industries Co (SZSE:002483) Headlines

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