EIT Environmental Development Group Co (SZSE:300815) Equity-to-Asset : 0.51 (As of Mar. 2024)

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What is EIT Environmental Development Group Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. EIT Environmental Development Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥3,769 Mil. EIT Environmental Development Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,444 Mil. Therefore, EIT Environmental Development Group Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.51.

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

SZSE:300815' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.54 Max: 0.62
Current: 0.51

During the past 9 years, the highest Equity to Asset Ratio of EIT Environmental Development Group Co was 0.62. The lowest was 0.30. And the median was 0.54.

SZSE:300815's Equity-to-Asset is ranked better than
62.86% of 245 companies
in the Waste Management industry
Industry Median: 0.42 vs SZSE:300815: 0.51

EIT Environmental Development Group Co Equity-to-Asset Historical Data

The historical data trend for EIT Environmental 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.

EIT Environmental Development Group Co Equity-to-Asset Chart

EIT Environmental Development Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.38

0.55

0.54

0.49

EIT Environmental 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															0.57	0.55	0.53	0.49	0.51

Competitive Comparison of EIT Environmental Development Group Co's Equity-to-Asset

For the Waste Management subindustry, EIT Environmental 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.

EIT Environmental Development Group Co's Equity-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, EIT Environmental Development Group Co's Equity-to-Asset distribution charts can be found below:

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

EIT Environmental 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.

EIT Environmental 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
	=	3621.62	/	7341.248
	=	0.49

EIT Environmental 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
	=	3769.301	/	7444.257
	=	0.51

EIT Environmental Development Group Co (SZSE:300815) 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%.

EIT Environmental Development Group Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of EIT Environmental Development Group Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

EIT Environmental Development Group Co (SZSE:300815) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » EIT Environmental Development Group Co Ltd (SZSE:300815) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tianxin Avenue, Building 5, E-commerce Industrial Park, Zhumeng Town, Yuexi County, Anhui Province, Anqing, CHN, 246600

Website

http://www.eit-sz.com

EIT Environmental Development Group Co Ltd is engaged in provision of sanitation management services such as property cleaning and municipal sanitation. The company's services include building cleaning services; road cleaning and cleaning; garbage removal and transportation; environmental protection engineering; biodiesel processing and manufacturing; garbage classification project operation management, design and technical development of garbage transfer stations; construction and operation management of environmental protection industries such as RDF technology, anaerobic biogas production technology incineration; domestic waste classification and recycling, kitchen waste recycling and processing, and related environmental protection equipment manufacturing.

Executives

Wang Dong Yan	Director
Zhou Ming	Director
Zhou Cong	Director
Chen Qiang	Supervisors

EIT Environmental Development Group Co (SZSE:300815) Headlines

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