CITIC Resources Holdings Balance Sheet Health
Financial Health criteria checks 6/6
CITIC Resources Holdings has a total shareholder equity of HK$7.9B and total debt of HK$1.4B, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are HK$13.1B and HK$5.1B respectively. CITIC Resources Holdings's EBIT is HK$763.7M making its interest coverage ratio 20.2. It has cash and short-term investments of HK$1.2B.
Key information
17.1%
Debt to equity ratio
HK$1.36b
Debt
| Interest coverage ratio | 20.2x |
| Cash | HK$1.22b |
| Equity | HK$7.93b |
| Total liabilities | HK$5.15b |
| Total assets | HK$13.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CZR's short term assets (HK$3.8B) exceed its short term liabilities (HK$2.9B).
Long Term Liabilities: CZR's short term assets (HK$3.8B) exceed its long term liabilities (HK$2.2B).
Debt to Equity History and Analysis
Debt Level: CZR's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: CZR's debt to equity ratio has reduced from 90.3% to 17.1% over the past 5 years.
Debt Coverage: CZR's debt is well covered by operating cash flow (78.5%).
Interest Coverage: CZR's interest payments on its debt are well covered by EBIT (20.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 12:40 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| 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 Resources Holdings Limited is covered by 5 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 |
|---|---|
| Jimmy Wong | Citigroup Inc |
| Chris Hong Shiu | Goldman Sachs |
| David Yang | KGI Securities Co. Ltd. |