CITIC Resources Holdings Balance Sheet Health
Financial Health criteria checks 5/6
CITIC Resources Holdings has a total shareholder equity of HK$7.8B and total debt of HK$1.8B, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are HK$11.6B and HK$3.8B respectively. CITIC Resources Holdings's EBIT is HK$772.9M making its interest coverage ratio 12.1. It has cash and short-term investments of HK$1.5B.
Key information
22.8%
Debt to equity ratio
HK$1.79b
Debt
| Interest coverage ratio | 12.1x |
| Cash | HK$1.48b |
| Equity | HK$7.84b |
| Total liabilities | HK$3.78b |
| Total assets | HK$11.62b |
Recent financial health updates
These 4 Measures Indicate That CITIC Resources Holdings (HKG:1205) Is Using Debt Reasonably Well
Nov 08
CITIC Resources Holdings (HKG:1205) Takes On Some Risk With Its Use Of Debt
Apr 20Here's Why CITIC Resources Holdings (HKG:1205) Has A Meaningful Debt Burden
Oct 04Does CITIC Resources Holdings (HKG:1205) Have A Healthy Balance Sheet?
May 15Recent updates
Benign Growth For CITIC Resources Holdings Limited (HKG:1205) Underpins Its Share Price
Jan 15Returns On Capital Are Showing Encouraging Signs At CITIC Resources Holdings (HKG:1205)
Jun 21Returns On Capital Are Showing Encouraging Signs At CITIC Resources Holdings (HKG:1205)
Jan 20These 4 Measures Indicate That CITIC Resources Holdings (HKG:1205) Is Using Debt Reasonably Well
Nov 08The Return Trends At CITIC Resources Holdings (HKG:1205) Look Promising
May 31CITIC Resources Holdings (HKG:1205) Takes On Some Risk With Its Use Of Debt
Apr 20There's Been No Shortage Of Growth Recently For CITIC Resources Holdings' (HKG:1205) Returns On Capital
Feb 09Here's Why CITIC Resources Holdings (HKG:1205) Has A Meaningful Debt Burden
Oct 04We Like These Underlying Return On Capital Trends At CITIC Resources Holdings (HKG:1205)
Aug 28Does CITIC Resources Holdings (HKG:1205) Have A Healthy Balance Sheet?
May 15How Does CITIC Resources Holdings' (HKG:1205) CEO Pay Compare With Company Performance?
Dec 08
Financial Position Analysis
Short Term Liabilities: 1205's short term assets (HK$2.3B) exceed its short term liabilities (HK$1.4B).
Long Term Liabilities: 1205's short term assets (HK$2.3B) do not cover its long term liabilities (HK$2.4B).
Debt to Equity History and Analysis
Debt Level: 1205's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: 1205's debt to equity ratio has reduced from 104.7% to 22.8% over the past 5 years.
Debt Coverage: 1205's debt is well covered by operating cash flow (85.7%).
Interest Coverage: 1205's interest payments on its debt are well covered by EBIT (12.1x coverage).