China CITIC Financial Asset Management Balance Sheet Health
Financial Health criteria checks 2/6
China CITIC Financial Asset Management has a total shareholder equity of CN¥52.7B and total debt of CN¥862.9B, which brings its debt-to-equity ratio to 1637.3%. Its total assets and total liabilities are CN¥1,055.3B and CN¥1,002.6B respectively.
Key information
1,637.3%
Debt to equity ratio
CN¥862.93b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥382.21b |
| Equity | CN¥52.71b |
| Total liabilities | CN¥1.00t |
| Total assets | CN¥1.06t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2799's short term assets (CN¥680.8B) exceed its short term liabilities (CN¥578.2B).
Long Term Liabilities: 2799's short term assets (CN¥680.8B) exceed its long term liabilities (CN¥424.4B).
Debt to Equity History and Analysis
Debt Level: 2799's net debt to equity ratio (912.1%) is considered high.
Reducing Debt: 2799's debt to equity ratio has increased from 680.5% to 1637.3% over the past 5 years.
Debt Coverage: 2799's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: Insufficient data to determine if 2799's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 09:56 |
| End of Day Share Price | 2024/12/20 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
China CITIC Financial Asset Management Co., Ltd. is covered by 13 analysts. 1 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 |
|---|---|
| Shanshan Li | BOCI Research Ltd. |
| Shanshan Li | BOCOM International Securities Limited |
| Jiahui Yan | China International Capital Corporation Limited |