Hunan Yuneng New Energy Battery Material Co (SZSE:301358) Equity-to-Asset : 0.44 (As of Mar. 2024)

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What is Hunan Yuneng New Energy Battery Material Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hunan Yuneng New Energy Battery Material Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥11,446 Mil. Hunan Yuneng New Energy Battery Material Co's Total Assets for the quarter that ended in Mar. 2024 was ¥26,149 Mil. Therefore, Hunan Yuneng New Energy Battery Material Co's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.44.

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

SZSE:301358' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.4 Max: 0.67
Current: 0.44

During the past 6 years, the highest Equity to Asset Ratio of Hunan Yuneng New Energy Battery Material Co was 0.67. The lowest was 0.20. And the median was 0.40.

SZSE:301358's Equity-to-Asset is ranked worse than
70.17% of 3024 companies
in the Industrial Products industry
Industry Median: 0.56 vs SZSE:301358: 0.44

Hunan Yuneng New Energy Battery Material Co Equity-to-Asset Historical Data

The historical data trend for Hunan Yuneng New Energy Battery 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.

Hunan Yuneng New Energy Battery Material Co Equity-to-Asset Chart

Hunan Yuneng New Energy Battery Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

Get a 7-Day Free Trial

0.65

0.56

0.31

0.22

0.42

Hunan Yuneng New Energy Battery Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial											0.35	0.40	0.41	0.42	0.44

Competitive Comparison of Hunan Yuneng New Energy Battery Material Co's Equity-to-Asset

For the Electrical Equipment & Parts subindustry, Hunan Yuneng New Energy Battery 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.

Hunan Yuneng New Energy Battery Material Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Yuneng New Energy Battery Material Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Hunan Yuneng New Energy Battery Material Co's Equity-to-Asset falls into.

Hunan Yuneng New Energy Battery 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.

Hunan Yuneng New Energy Battery 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
	=	11282.423	/	26794.645
	=	0.42

Hunan Yuneng New Energy Battery 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
	=	11445.977	/	26149.463
	=	0.44

Hunan Yuneng New Energy Battery Material Co (SZSE:301358) 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%.

Hunan Yuneng New Energy Battery Material Co Equity-to-Asset Related Terms

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Hunan Yuneng New Energy Battery Material Co (SZSE:301358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Yuneng New Energy Battery Material Co Ltd (SZSE:301358) » Definitions » Equity-to-Asset

Traded in Other Exchanges

N/A

Address

No. 18 Rili Road, Heling Town, Yuhu District, Hunan Province, Xiangtan, CHN, 411202

Website

http://www.hunanyuneng.com

Hunan Yuneng New Energy Battery Material Co Ltd is engaged in the research and development, production and sales of cathode materials for lithium-ion batteries. The company's main products include lithium- ion batteries cathode materials such as lithium iron phosphate and ternary materials, which is mainly used in the manufacture of lithium-ion batteries such as power batteries and energy storage batteries, and is ultimately energy used in new vehicles, Energy storage and other fields.

Hunan Yuneng New Energy Battery Material Co (SZSE:301358) Headlines

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