CITIC Balance Sheet Health
Financial Health criteria checks 2/6
CITIC has a total shareholder equity of CN¥1,336.8B and total debt of CN¥2,649.3B, which brings its debt-to-equity ratio to 198.2%. Its total assets and total liabilities are CN¥11,330.9B and CN¥9,994.1B respectively. CITIC's EBIT is CN¥307.3B making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥1,764.5B.
Key information
198.2%
Debt to equity ratio
CN¥2.65t
Debt
Interest coverage ratio | 1.5x |
Cash | CN¥1.76t |
Equity | CN¥1.34t |
Total liabilities | CN¥9.99t |
Total assets | CN¥11.33t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPF's short term assets (CN¥8,549.3B) exceed its short term liabilities (CN¥5,432.7B).
Long Term Liabilities: CPF's short term assets (CN¥8,549.3B) exceed its long term liabilities (CN¥4,561.4B).
Debt to Equity History and Analysis
Debt Level: CPF's net debt to equity ratio (66.2%) is considered high.
Reducing Debt: CPF's debt to equity ratio has increased from 185.7% to 198.2% over the past 5 years.
Debt Coverage: CPF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CPF's interest payments on its debt are not well covered by EBIT (1.5x coverage).