Huaxi Holdings Co (HKSE:01689) Equity-to-Asset : 0.69 (As of Jun. 2023)

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What is Huaxi Holdings Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Huaxi Holdings Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was HK$348.3 Mil. Huaxi Holdings Co's Total Assets for the quarter that ended in Jun. 2023 was HK$504.5 Mil. Therefore, Huaxi Holdings Co's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.69.

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

HKSE:01689' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.72 Max: 0.79
Current: 0.66

During the past 11 years, the highest Equity to Asset Ratio of Huaxi Holdings Co was 0.79. The lowest was 0.57. And the median was 0.72.

HKSE:01689's Equity-to-Asset is ranked better than
66.84% of 389 companies
in the Packaging & Containers industry
Industry Median: 0.56 vs HKSE:01689: 0.66

Huaxi Holdings Co Equity-to-Asset Historical Data

The historical data trend for Huaxi Holdings 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.

Huaxi Holdings Co Equity-to-Asset Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.77

0.72

0.62

0.64

0.66

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.62	0.68	0.64	0.69	0.66

Competitive Comparison of Huaxi Holdings Co's Equity-to-Asset

For the Packaging & Containers subindustry, Huaxi Holdings 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.

Huaxi Holdings Co's Equity-to-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huaxi Holdings Co's Equity-to-Asset distribution charts can be found below:

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

Huaxi Holdings 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.

Huaxi Holdings Co'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
	=	367.489	/	577.266
	=	0.64

Huaxi Holdings Co'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
	=	348.26	/	504.455
	=	0.69

Huaxi Holdings Co (HKSE:01689) 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%.

Huaxi Holdings Co Equity-to-Asset Related Terms

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

Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

Huaxi Holdings Co (HKSE:01689) Headlines

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