CITIC Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
CITIC Heavy Industries has a total shareholder equity of CN¥9.2B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are CN¥19.0B and CN¥9.8B respectively. CITIC Heavy Industries's EBIT is CN¥316.7M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥1.6B.
Key information
23.1%
Debt to equity ratio
CN¥2.12b
Debt
| Interest coverage ratio | -13.9x |
| Cash | CN¥1.55b |
| Equity | CN¥9.20b |
| Total liabilities | CN¥9.77b |
| Total assets | CN¥18.97b |
Recent financial health updates
Recent updates
CITIC Heavy Industries Co., Ltd.'s (SHSE:601608) Business Is Yet to Catch Up With Its Share Price
Jan 02
We Think That There Are Some Issues For CITIC Heavy Industries (SHSE:601608) Beyond Its Promising Earnings
Nov 05Here's Why CITIC Heavy Industries (SHSE:601608) Has Caught The Eye Of Investors
Oct 15CITIC Heavy Industries (SHSE:601608) Has More To Do To Multiply In Value Going Forward
Sep 25Estimating The Fair Value Of CITIC Heavy Industries Co., Ltd. (SHSE:601608)
Jul 21Investors Met With Slowing Returns on Capital At CITIC Heavy Industries (SHSE:601608)
Jun 07With EPS Growth And More, CITIC Heavy Industries (SHSE:601608) Makes An Interesting Case
May 13CITIC Heavy Industries' (SHSE:601608) Solid Profits Have Weak Fundamentals
Mar 22Here's Why CITIC Heavy Industries (SHSE:601608) Can Afford Some Debt
Feb 27Financial Position Analysis
Short Term Liabilities: 601608's short term assets (CN¥11.3B) exceed its short term liabilities (CN¥8.1B).
Long Term Liabilities: 601608's short term assets (CN¥11.3B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 601608's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 601608's debt to equity ratio has reduced from 84.8% to 23.1% over the past 5 years.
Debt Coverage: 601608's debt is well covered by operating cash flow (29.4%).
Interest Coverage: 601608 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 18:03 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CITIC Heavy Industries Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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