CITIC Securities Co (HKSE:06030) Debt-to-Equity

: 0.99 (As of Dec. 2023)

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CITIC Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. CITIC Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$290,226 Mil. CITIC Securities Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$294,051 Mil. CITIC Securities Co's debt to equity for the quarter that ended in Dec. 2023 was 0.99.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

HKSE:06030' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1.02 Max: 1.23
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of CITIC Securities Co was 1.23. The lowest was 0.72. And the median was 1.02.

HKSE:06030's Debt-to-Equity is ranked worse than
72.16% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs HKSE:06030: 0.99

CITIC Securities Co Debt-to-Equity Historical Data

The historical data trend for CITIC Securities Co's Debt-to-Equity 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.

* Premium members only.

CITIC Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.17

1.11

1.23

0.72

0.99

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
Debt-to-Equity																0.72	0.78	0.77	0.78	0.99

Competitive Comparison

For the Capital Markets subindustry, CITIC Securities Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

CITIC Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CITIC Securities Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	290226.204)	/	294051.087
	=	0.99

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	290226.204)	/	294051.087
	=	0.99

CITIC Securities Co (HKSE:06030) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CITIC Securities Co Debt-to-Equity Related Terms

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CITIC Securities Co (HKSE:06030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CITIC Securities Co Ltd (HKSE:06030) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CIIHY:USA CIIHF:USA CI9:Germany 600030:China

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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