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¥48.0B and total debt of CN¥864.4B, which brings its debt-to-equity ratio to 1799.5%. Its total assets and total liabilities are CN¥968.1B and CN¥920.1B respectively.
Key information
1,799.5%
Debt to equity ratio
CN¥864.42b
Debt
Interest coverage ratio | n/a |
Cash | CN¥321.50b |
Equity | CN¥48.04b |
Total liabilities | CN¥920.07b |
Total assets | CN¥968.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2799's short term assets (CN¥606.5B) exceed its short term liabilities (CN¥438.3B).
Long Term Liabilities: 2799's short term assets (CN¥606.5B) exceed its long term liabilities (CN¥481.8B).
Debt to Equity History and Analysis
Debt Level: 2799's net debt to equity ratio (1130.2%) is considered high.
Reducing Debt: 2799's debt to equity ratio has increased from 678.2% to 1799.5% over the past 5 years.
Debt Coverage: 2799's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: Insufficient data to determine if 2799's interest payments on its debt are well covered by EBIT.