Jin Medical International (Jin Medical International) Equity-to-Asset : 0.73 (As of Sep. 2023)

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What is Jin Medical International Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Jin Medical International's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $23.98 Mil. Jin Medical International's Total Assets for the quarter that ended in Sep. 2023 was $32.90 Mil. Therefore, Jin Medical International's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.73.

The historical rank and industry rank for Jin Medical International's Equity-to-Asset or its related term are showing as below:

ZJYL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.68 Max: 0.73
Current: 0.73

During the past 4 years, the highest Equity to Asset Ratio of Jin Medical International was 0.73. The lowest was 0.52. And the median was 0.68.

ZJYL's Equity-to-Asset is ranked better than
62.96% of 872 companies
in the Medical Devices & Instruments industry
Industry Median: 0.645 vs ZJYL: 0.73

Jin Medical International Equity-to-Asset Historical Data

The historical data trend for Jin Medical International'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.

Jin Medical International Equity-to-Asset Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Equity-to-Asset

0.52

0.64

0.73

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Equity-to-Asset	Get a 7-Day Free Trial			0.64	0.71	0.73	0.76	0.73

Competitive Comparison of Jin Medical International's Equity-to-Asset

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.

Jin Medical International's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Equity-to-Asset falls into.

Jin Medical International 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.

Jin Medical International's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	23.979	/	32.903
	=	0.73

Jin Medical International's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	23.979	/	32.903
	=	0.73

Jin Medical International (NAS:ZJYL) 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%.

Jin Medical International Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Jin Medical International's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.