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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTJH.Y's short term assets (HK$2.3B) exceed its short term liabilities (HK$1.4B).
Long Term Liabilities: CTJH.Y'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: CTJH.Y's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: CTJH.Y's debt to equity ratio has reduced from 104.7% to 22.8% over the past 5 years.
Debt Coverage: CTJH.Y's debt is well covered by operating cash flow (85.7%).
Interest Coverage: CTJH.Y's interest payments on its debt are well covered by EBIT (12.1x coverage).