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

Recent updates

Returns On Capital At CITIC (HKG:267) Have Stalled

Oct 28

CITIC Limited's (HKG:267) Shares Bounce 48% But Its Business Still Trails The Market

Oct 07

CITIC (HKG:267) Will Pay A Dividend Of CN¥0.2079

Sep 02

An Intrinsic Calculation For CITIC Limited (HKG:267) Suggests It's 39% Undervalued

Aug 25

CITIC Limited's (HKG:267) Price Is Right But Growth Is Lacking

Aug 03

What Does CITIC Limited's (HKG:267) Share Price Indicate?

Jul 13

CITIC (HKG:267) Use Of Debt Could Be Considered Risky

Jun 04

CITIC's (HKG:267) Returns Have Hit A Wall

May 13

There's No Escaping CITIC Limited's (HKG:267) Muted Earnings

Apr 22

CITIC Limited's (HKG:267) Intrinsic Value Is Potentially 33% Above Its Share Price

Mar 26

Is It Time To Consider Buying CITIC Limited (HKG:267)?

Feb 06

CITIC (HKG:267) Has Some Way To Go To Become A Multi-Bagger

Jan 14

There Is A Reason CITIC Limited's (HKG:267) Price Is Undemanding

Dec 23

CITIC (HKG:267) Has A Somewhat Strained Balance Sheet

Dec 04

CITIC Limited's (HKG:267) Intrinsic Value Is Potentially 52% Above Its Share Price

Nov 13

CITIC's (HKG:267) Returns Have Hit A Wall

Sep 29

CITIC (HKG:267) Will Pay A Smaller Dividend Than Last Year

Sep 03

Is CITIC Limited (HKG:267) Trading At A 23% Discount?

Aug 09

Is Now The Time To Put CITIC (HKG:267) On Your Watchlist?

Jul 18

CITIC's (HKG:267) Shareholders Will Receive A Smaller Dividend Than Last Year

May 25

Returns At CITIC (HKG:267) Appear To Be Weighed Down

May 01

Here's Why CITIC (HKG:267) Has Caught The Eye Of Investors

Apr 02

The Returns At CITIC (HKG:267) Aren't Growing

Jan 13

Here's Why CITIC (HKG:267) Has A Meaningful Debt Burden

Dec 08

Returns On Capital At CITIC (HKG:267) Have Hit The Brakes

Oct 14

CITIC's (HKG:267) Upcoming Dividend Will Be Larger Than Last Year's

Sep 01

An Intrinsic Calculation For CITIC Limited (HKG:267) Suggests It's 35% Undervalued

Aug 18

Here's Why We Think CITIC (HKG:267) Is Well Worth Watching

Jul 25

CITIC (HKG:267) Has More To Do To Multiply In Value Going Forward

Jun 07

CITIC (HKG:267) Is Increasing Its Dividend To HK$0.46

May 11

CITIC (HKG:267) Is Increasing Its Dividend To HK$0.46

Apr 27

New Forecasts: Here's What Analysts Think The Future Holds For CITIC Limited (HKG:267)

Apr 07

CITIC (HKG:267) Is Paying Out A Larger Dividend Than Last Year

Apr 04

Are Investors Undervaluing CITIC Limited (HKG:267) By 33%?

Apr 03

Returns On Capital At CITIC (HKG:267) Have Stalled

Jan 29

An Intrinsic Calculation For CITIC Limited (HKG:267) Suggests It's 35% Undervalued

Jan 02

CITIC's (HKG:267) Returns Have Hit A Wall

Oct 31

Is CITIC Limited (HKG:267) Trading At A 31% Discount?

Oct 04

CITIC's (HKG:267) Dividend Will Be Increased To HK$0.15

Aug 29

Financial Position Analysis

Short Term Liabilities: 267's short term assets (CN¥8,706.1B) exceed its short term liabilities (CN¥5,315.5B).

Long Term Liabilities: 267'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: 267's net debt to equity ratio (52.8%) is considered high.

Reducing Debt: 267's debt to equity ratio has increased from 159.6% to 185% over the past 5 years.

Debt Coverage: 267's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 267's interest payments on its debt are not well covered by EBIT (1.5x coverage).

CITIC Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

CITIC (HKG:267) Use Of Debt Could Be Considered Risky

CITIC (HKG:267) Has A Somewhat Strained Balance Sheet

Here's Why CITIC (HKG:267) Has A Meaningful Debt Burden

Recent updates

Returns On Capital At CITIC (HKG:267) Have Stalled

Now 20% undervalued

CITIC Limited's (HKG:267) Shares Bounce 48% But Its Business Still Trails The Market

Investor sentiment improves as stock rises 19%

New major risk - Financial position

Upcoming dividend of HK$0.21 per share

CITIC (HKG:267) Will Pay A Dividend Of CN¥0.2079

First half dividend of HK$0.21 announced

First half 2024 earnings released: EPS: CN¥1.10 (vs CN¥1.10 in 1H 2023)

CITIC Limited Announces Interim Dividend for the Year Ending 31 December 2024, Payable on 15 November 2024

CITIC Limited Appoints Chen Yuyu as Independent Non-Executive Director and Member of the Strategic Committee

An Intrinsic Calculation For CITIC Limited (HKG:267) Suggests It's 39% Undervalued

CITIC Limited to Report First Half, 2024 Results on Aug 30, 2024

CITIC Limited's (HKG:267) Price Is Right But Growth Is Lacking

What Does CITIC Limited's (HKG:267) Share Price Indicate?

CITIC Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 16 August 2024

Upcoming dividend of CN¥0.34 per share

CITIC (HKG:267) Use Of Debt Could Be Considered Risky

Now 21% undervalued

Price target increased by 9.8% to HK$9.73

CITIC's (HKG:267) Returns Have Hit A Wall

There's No Escaping CITIC Limited's (HKG:267) Muted Earnings

Price target decreased by 9.9% to HK$8.86

Full year 2023 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates fall by 19%

New major risk - Revenue and earnings growth

CITIC Limited, Annual General Meeting, Jun 18, 2024

CITIC Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 16 August 2024

CITIC Limited's (HKG:267) Intrinsic Value Is Potentially 33% Above Its Share Price

First half dividend of CN¥0.36 announced

CITIC Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

CITIC Limited Provides Sino Iron Project Update

CITIC Limited Provides Sino Iron Project Update

Is It Time To Consider Buying CITIC Limited (HKG:267)?

CITIC Limited Appoints Xi Guohua as Chairman of the Board, Chairman of Nomination Committee, Chairman of Strategic Committee and Chairman of Executive Committee and Cessation as Vice Chairman and President

CITIC (HKG:267) Has Some Way To Go To Become A Multi-Bagger

CITIC Limited Announces Appointment of Li Zimin as Non-Executive Director

There Is A Reason CITIC Limited's (HKG:267) Price Is Undemanding

CITIC Limited Announces Resignation of Zhu Hexin as Chairman and Executive Director, Chairman of Nomination Committee, Chairman of Strategic Committee and Chairman of Executive Committee

CITIC (HKG:267) Has A Somewhat Strained Balance Sheet

CITIC Limited Appoints Zhang Lin as Member of the Audit and Risk Management Committee

CITIC Limited's (HKG:267) Intrinsic Value Is Potentially 52% Above Its Share Price

CITIC Limited Announces Appointment of Non-Executive Director

CITIC's (HKG:267) Returns Have Hit A Wall

Upcoming dividend of HK$0.20 per share at 8.3% yield

CITIC (HKG:267) Will Pay A Smaller Dividend Than Last Year

First half 2023 earnings released: EPS: CN¥1.10 (vs CN¥1.47 in 1H 2022)

Citic Limited Declares Interim Dividend for the Year Ending 31 December 2023, Payment Date Is 16 November 2023

CITIC Limited to Report First Half, 2023 Results on Aug 31, 2023

Is CITIC Limited (HKG:267) Trading At A 23% Discount?

Is Now The Time To Put CITIC (HKG:267) On Your Watchlist?

Citic Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on 22 August 2023

Upcoming dividend of HK$0.45 per share at 6.4% yield

CITIC's (HKG:267) Shareholders Will Receive A Smaller Dividend Than Last Year

Citic Limited Proposes Final Dividend for the Year Ended 31 December 2022

Returns At CITIC (HKG:267) Appear To Be Weighed Down

Here's Why CITIC (HKG:267) Has Caught The Eye Of Investors

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

The Returns At CITIC (HKG:267) Aren't Growing

CITIC Limited Appoints Yue Xuekun as a Non-Executive Director

Here's Why CITIC (HKG:267) Has A Meaningful Debt Burden

CITIC Limited Announces Board Changes

Prosus Denies Rumours of Tencent Share Sale

Citic Limited Announces Resignation of Li Qingping as Executive Director, Vice President and Member of the Executive Committee

Returns On Capital At CITIC (HKG:267) Have Hit The Brakes

Upcoming dividend of HK$0.20 per share

CITIC's (HKG:267) Upcoming Dividend Will Be Larger Than Last Year's

First half 2022 earnings released: EPS: HK$1.72 (vs HK$1.52 in 1H 2021)

CITIC Limited Declares an Interim Dividend for the Year Ending 31 December 2022, Payable on 11 November 2022

An Intrinsic Calculation For CITIC Limited (HKG:267) Suggests It's 35% Undervalued

CITIC Limited to Report Q2, 2022 Results on Aug 30, 2022

Here's Why We Think CITIC (HKG:267) Is Well Worth Watching