Guangzhou Newlife New Material Co (SZSE:301323) Equity-to-Asset : 0.94 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Guangzhou Newlife New Material Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Guangzhou Newlife New Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥2,004.1 Mil. Guangzhou Newlife New Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,139.8 Mil. Therefore, Guangzhou Newlife New Material Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.94.

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

SZSE:301323' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.7 Med: 0.88 Max: 0.94
Current: 0.94

During the past 6 years, the highest Equity to Asset Ratio of Guangzhou Newlife New Material Co was 0.94. The lowest was 0.70. And the median was 0.88.

SZSE:301323's Equity-to-Asset is ranked better than
98.51% of 2487 companies
in the Hardware industry
Industry Median: 0.57 vs SZSE:301323: 0.94

Guangzhou Newlife New Material Co Equity-to-Asset Historical Data

The historical data trend for Guangzhou Newlife 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.

Guangzhou Newlife New Material Co Equity-to-Asset Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

0.76

0.84

0.85

0.89

0.92

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial										0.88	0.93	0.93	0.92	0.94

Competitive Comparison of Guangzhou Newlife New Material Co's Equity-to-Asset

For the Electronic Components subindustry, Guangzhou Newlife 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.

Guangzhou Newlife New Material Co's Equity-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangzhou Newlife New Material Co's Equity-to-Asset distribution charts can be found below:

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

Guangzhou Newlife 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.

Guangzhou Newlife 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
	=	1998.887	/	2180.208
	=	0.92

Guangzhou Newlife 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
	=	2004.127	/	2139.822
	=	0.94

Guangzhou Newlife New Material Co (SZSE:301323) 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%.

Guangzhou Newlife New Material Co Equity-to-Asset Related Terms

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

Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

Guangzhou Newlife New Material Co (SZSE:301323) Headlines

No Headlines