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WANG & LEE Group (WANG & LEE Group) Equity-to-Asset : 0.49 (As of Jun. 2023)


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What is WANG & LEE Group Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. WANG & LEE Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $4.66 Mil. WANG & LEE Group's Total Assets for the quarter that ended in Jun. 2023 was $9.60 Mil. Therefore, WANG & LEE Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.49.

The historical rank and industry rank for WANG & LEE Group's Equity-to-Asset or its related term are showing as below:

WLGS' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.77   Med: -0.46   Max: 0.5
Current: 0.5

During the past 4 years, the highest Equity to Asset Ratio of WANG & LEE Group was 0.50. The lowest was -0.77. And the median was -0.46.

WLGS's Equity-to-Asset is ranked better than
59.88% of 1685 companies
in the Construction industry
Industry Median: 0.44 vs WLGS: 0.50

WANG & LEE Group Equity-to-Asset Historical Data

The historical data trend for WANG & LEE Group'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.

WANG & LEE Group Equity-to-Asset Chart

WANG & LEE Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
-0.36 -0.46 -0.55 0.50

WANG & LEE Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Equity-to-Asset Get a 7-Day Free Trial -0.46 -0.77 -0.55 0.49 0.50

Competitive Comparison of WANG & LEE Group's Equity-to-Asset

For the Engineering & Construction subindustry, WANG & LEE Group'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.


WANG & LEE Group's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Equity-to-Asset falls into.



WANG & LEE Group 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.

WANG & LEE Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=-1.713/3.1
=-0.55

WANG & LEE Group's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )=Total Stockholders Equity/Total Assets
=4.659/9.6
=0.49

* 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.


WANG & LEE Group  (NAS:WLGS) 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%.


WANG & LEE Group Equity-to-Asset Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Traded in Other Exchanges
N/A
Address
3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG
WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

WANG & LEE Group (WANG & LEE Group) Headlines

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