CITIC Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
CITIC Heavy Industries has a total shareholder equity of CN¥8.3B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are CN¥18.5B and CN¥10.2B respectively. CITIC Heavy Industries's EBIT is CN¥294.7M making its interest coverage ratio -7.4. It has cash and short-term investments of CN¥1.3B.
Key information
27.2%
Debt to equity ratio
CN¥2.25b
Debt
| Interest coverage ratio | -7.4x |
| Cash | CN¥1.32b |
| Equity | CN¥8.29b |
| Total liabilities | CN¥10.21b |
| Total assets | CN¥18.50b |
Recent financial health updates
Recent updates
Here's Why CITIC Heavy Industries (SHSE:601608) Has Caught The Eye Of Investors
Oct 15
CITIC 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¥10.9B) exceed its short term liabilities (CN¥8.6B).
Long Term Liabilities: 601608's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 601608's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: 601608's debt to equity ratio has reduced from 90.3% to 27.2% over the past 5 years.
Debt Coverage: 601608's debt is well covered by operating cash flow (42.4%).
Interest Coverage: 601608 earns more interest than it pays, so coverage of interest payments is not a concern.