Tian Ruixiang Holdings (Tian Ruixiang Holdings) Equity-to-Asset : 0.93 (As of Apr. 2023)

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What is Tian Ruixiang Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tian Ruixiang Holdings's Total Stockholders Equity for the quarter that ended in Apr. 2023 was $34.55 Mil. Tian Ruixiang Holdings's Total Assets for the quarter that ended in Apr. 2023 was $37.00 Mil. Therefore, Tian Ruixiang Holdings's Equity to Asset Ratio for the quarter that ended in Apr. 2023 was 0.93.

The historical rank and industry rank for Tian Ruixiang Holdings's Equity-to-Asset or its related term are showing as below:

TIRX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.73 Med: 0.9 Max: 0.97
Current: 0.93

During the past 6 years, the highest Equity to Asset Ratio of Tian Ruixiang Holdings was 0.97. The lowest was 0.73. And the median was 0.90.

TIRX's Equity-to-Asset is ranked better than
99.39% of 491 companies
in the Insurance industry
Industry Median: 0.24 vs TIRX: 0.93

Tian Ruixiang Holdings Equity-to-Asset Historical Data

The historical data trend for Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings Equity-to-Asset Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Equity-to-Asset

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0.86

0.90

0.86

0.97

0.96

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Equity-to-Asset	Get a 7-Day Free Trial							0.92	0.97	0.96	0.96	0.93

Competitive Comparison of Tian Ruixiang Holdings's Equity-to-Asset

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Equity-to-Asset falls into.

Tian Ruixiang Holdings 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.

Tian Ruixiang Holdings's Equity to Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

Equity to Asset (A: Oct. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	33.482	/	35.031
	=	0.96

Tian Ruixiang Holdings's Equity to Asset Ratio for the quarter that ended in Apr. 2023 is calculated as

Equity to Asset (Q: Apr. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	34.549	/	37.003
	=	0.93

Tian Ruixiang Holdings (NAS:TIRX) 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%.

Tian Ruixiang Holdings Equity-to-Asset Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.