: Total capital. Total assets of the company, including assets formed by equity capital, long-term debt and operating surplus; The total number of shares refers to the total number of shares held by the company.
I. Definition of total share capital:
Including the total number of shares before the issuance of new shares and the number of new shares issued. The English-Chinese Dictionary of Securities Investment by the Commercial Press explains: total share capital.
Capitalization. Also called: total capital. The total value of the company's assets, including assets formed by equity capital, long-term debt and operating surplus.
Second, the relationship between total share capital and circulating share capital.
The total share capital is the total number of shares issued by a joint-stock company, and the circulating share capital may only be a part of it. For fully tradable shares, total share capital = tradable share capital.
Third, the relationship between total share capital and stock price.
If the total share capital is large and the circulating share capital is large, it is difficult for the banker to control the market and the stock is not easy to become a dark horse. On the contrary, if the total share capital is small and the circulating share capital is relatively small, it is easy for the banker to raise funds to open positions, which can quickly raise the stock price and become a dark horse. In the absence of banker's intervention, the price fluctuation of large equity is smaller than that of small equity.