China CITIC Financial Asset Management Balance Sheet Health
Financial Health criteria checks 4/6
China CITIC Financial Asset Management has a total shareholder equity of CN¥39.3B and total debt of CN¥839.0B, which brings its debt-to-equity ratio to 2133.6%. Its total assets and total liabilities are CN¥935.0B and CN¥895.6B respectively.
Key information
2,133.6%
Debt to equity ratio
CN¥838.99b
Debt
Interest coverage ratio | n/a |
Cash | CN¥305.41b |
Equity | CN¥39.32b |
Total liabilities | CN¥895.65b |
Total assets | CN¥934.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2799's short term assets (CN¥602.2B) exceed its short term liabilities (CN¥452.5B).
Long Term Liabilities: 2799's short term assets (CN¥602.2B) exceed its long term liabilities (CN¥443.2B).
Debt to Equity History and Analysis
Debt Level: 2799's net debt to equity ratio (1356.9%) is considered high.
Reducing Debt: 2799's debt to equity ratio has increased from 718.9% to 2133.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2799 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2799 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.9% per year.