CITIC Resources Holdings (CITIC Resources Holdings) Cash-to-Debt : 0.87 (As of Jun. 2023)

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What is CITIC Resources Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. CITIC Resources Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.87.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, CITIC Resources Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for CITIC Resources Holdings's Cash-to-Debt or its related term are showing as below:

CTJHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.33 Max: 0.87
Current: 0.81

During the past 13 years, CITIC Resources Holdings's highest Cash to Debt Ratio was 0.87. The lowest was 0.15. And the median was 0.33.

CTJHF's Cash-to-Debt is ranked worse than
70.94% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs CTJHF: 0.81

CITIC Resources Holdings Cash-to-Debt Historical Data

The historical data trend for CITIC Resources Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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CITIC Resources Holdings Cash-to-Debt Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.47

0.52

0.81

CITIC Resources Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.52	0.74	0.81	0.87	0.81

Competitive Comparison of CITIC Resources Holdings's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, CITIC Resources Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CITIC Resources Holdings's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CITIC Resources Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CITIC Resources Holdings's Cash-to-Debt falls into.

CITIC Resources Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

CITIC Resources Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	273.615	/	(16.297	+	323.367)
	=	0.81

CITIC Resources Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	208.409	/	(3.189	+	236.671)
	=	0.87

CITIC Resources Holdings (OTCPK:CTJHF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

CITIC Resources Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CITIC Resources Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CITIC Resources Holdings (CITIC Resources Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Resources Holdings Ltd (OTCPK:CTJHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CTJHY:USA 01205:Hong Kong CZR:Germany

Address

1 Austin Road West, International Commerce Centre, Suites 6701-02 & 08B, 67th Floor, Kowloon, Hong Kong, HKG

Website

http://www.resources.citic

CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.

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