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).