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Lecron Industrial Development Group Co (SZSE:300343) Equity-to-Asset : 0.67 (As of Mar. 2024)


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What is Lecron Industrial Development Group Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lecron Industrial Development Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,911.5 Mil. Lecron Industrial Development Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,834.1 Mil. Therefore, Lecron Industrial Development Group Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.67.

The historical rank and industry rank for Lecron Industrial Development Group Co's Equity-to-Asset or its related term are showing as below:

SZSE:300343' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18   Med: 0.61   Max: 0.85
Current: 0.67

During the past 13 years, the highest Equity to Asset Ratio of Lecron Industrial Development Group Co was 0.85. The lowest was 0.18. And the median was 0.61.

SZSE:300343's Equity-to-Asset is ranked better than
63.4% of 1571 companies
in the Chemicals industry
Industry Median: 0.59 vs SZSE:300343: 0.67

Lecron Industrial Development Group Co Equity-to-Asset Historical Data

The historical data trend for Lecron Industrial Development Group 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.

Lecron Industrial Development Group Co Equity-to-Asset Chart

Lecron Industrial Development Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.33 0.56 0.63 0.65

Lecron Industrial Development Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.65 0.63 0.65 0.67

Competitive Comparison of Lecron Industrial Development Group Co's Equity-to-Asset

For the Chemicals subindustry, Lecron Industrial Development Group 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.


Lecron Industrial Development Group Co's Equity-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lecron Industrial Development Group Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Lecron Industrial Development Group Co's Equity-to-Asset falls into.



Lecron Industrial Development Group 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.

Lecron Industrial Development Group 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
=1986.306/3068.325
=0.65

Lecron Industrial Development Group 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
=1911.539/2834.101
=0.67

* 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.


Lecron Industrial Development Group Co  (SZSE:300343) 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%.


Lecron Industrial Development Group Co Equity-to-Asset Related Terms

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Lecron Industrial Development Group Co (SZSE:300343) Business Description

Traded in Other Exchanges
N/A
Address
No. 219, East Changguo Road, East Chemical Industrial Zone, Zhangdian District, Shandong Province, Zibo, CHN, 255080
Lecron Industrial Development Group Co Ltd formerly known as Lecron Internet Media Industry Co Ltd is engaged in the research and development, production and promotion of green chemicals. The company's product range covers monomer polyether polyol, system polyol for polyurethane foam, polyurethane prepolymer for elastomer, polyurea waterproof and anti-corrosion materials, medical intermediate, polyurethane fireproof insulation panel and others.
Executives
Wang Xian Dong Executives
Li Hui Min Securities Affairs Representative
Shao Xiu Ying Director
Qi Hai Ying Directors, executives
Li Hong Guo Director
Hu An Zhi Secretary, Director
Wang Wei Directors, executives
Wang Jing Directors, executives

Lecron Industrial Development Group Co (SZSE:300343) Headlines

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