CITIC Securities Co (SHSE:600030) Cash-to-Debt : 2.00 (As of Dec. 2023)

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What is CITIC Securities Co 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 Securities Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.00.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, CITIC Securities Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SHSE:600030' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 1.32 Max: 2.95
Current: 2

During the past 13 years, CITIC Securities Co's highest Cash to Debt Ratio was 2.95. The lowest was 0.87. And the median was 1.32.

SHSE:600030's Cash-to-Debt is ranked better than
51.84% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs SHSE:600030: 2.00

CITIC Securities Co Cash-to-Debt Historical Data

The historical data trend for CITIC Securities Co'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 Securities Co Cash-to-Debt Chart

CITIC Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.35

2.04

1.97

2.95

2.00

CITIC Securities Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.95	2.81	2.88	2.50	2.00

Competitive Comparison of CITIC Securities Co's Cash-to-Debt

For the Capital Markets subindustry, CITIC Securities Co'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 Securities Co's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CITIC Securities Co's Cash-to-Debt distribution charts can be found below:

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

CITIC Securities Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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 Securities Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	529719.74	/	(0	+	265342.665)
	=	2.00

CITIC Securities Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	529719.74	/	(0	+	265342.665)
	=	2.00

CITIC Securities Co (SHSE:600030) 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 Securities Co Cash-to-Debt Related Terms

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CITIC Securities Co (SHSE:600030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CITIC Securities Co Ltd (SHSE:600030) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CIIHY:USA CIIHF:USA 06030:Hong Kong CI9:Germany

Address

1 Tim Mei Avenue, 26th Floor, CITIC Tower, Central, Hong Kong, HKG

Website

https://www.citics.com

CITIC Securities Co Ltd is a brokerage and investment group that provides brokerage, underwriting and sponsoring, proprietary trading, investment banking, asset management, investment advisory, and other services. The company's brokerage business consists of securities brokerage and futures brokerage and its asset management business includes portfolio management, directional asset management, special asset management, as well as fund management. The company offers financial services and products to a diverse client base including corporations, financial institutions, governments, and individuals. Citic Securities principally operates in mainland China and Hong Kong.

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