CITIC Balance Sheet Health
Financial Health criteria checks 2/6
CITIC has a total shareholder equity of CN¥1,405.1B and total debt of CN¥2,599.5B, which brings its debt-to-equity ratio to 185%. Its total assets and total liabilities are CN¥11,429.3B and CN¥10,024.2B respectively. CITIC's EBIT is CN¥304.5B making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥1,857.8B.
Key information
185.0%
Debt to equity ratio
CN¥2.60t
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥1.86t |
| Equity | CN¥1.41t |
| Total liabilities | CN¥10.02t |
| Total assets | CN¥11.43t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPF0's short term assets (CN¥8,706.1B) exceed its short term liabilities (CN¥5,315.5B).
Long Term Liabilities: CPF0's short term assets (CN¥8,706.1B) exceed its long term liabilities (CN¥4,708.7B).
Debt to Equity History and Analysis
Debt Level: CPF0's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: CPF0's debt to equity ratio has increased from 159.6% to 185% over the past 5 years.
Debt Coverage: CPF0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CPF0's interest payments on its debt are not well covered by EBIT (1.5x coverage).