CITIC Resources Holdings (CITIC Resources Holdings) Debt-to-Equity : 0.24 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is CITIC Resources Holdings Debt-to-Equity?

CITIC Resources Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $48.0 Mil. CITIC Resources Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $186.4 Mil. CITIC Resources Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $993.9 Mil. CITIC Resources Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Resources Holdings's Debt-to-Equity or its related term are showing as below:

CTJHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.85 Max: 1.88
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of CITIC Resources Holdings was 1.88. The lowest was 0.24. And the median was 0.85.

CTJHF's Debt-to-Equity is ranked worse than
60.58% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CTJHF: 0.24

CITIC Resources Holdings Debt-to-Equity Historical Data

The historical data trend for CITIC Resources Holdings'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 Resources Holdings Debt-to-Equity Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.82

0.84

0.54

0.34

0.24

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
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.46	0.34	0.25	0.24

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

For the Other Industrial Metals & Mining subindustry, CITIC Resources Holdings'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 Resources Holdings's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

CITIC Resources Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CITIC Resources Holdings'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
	=	(47.973	+	186.442)	/	993.852
	=	0.24

CITIC Resources Holdings'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
	=	(47.973	+	186.442)	/	993.852
	=	0.24

CITIC Resources Holdings (OTCPK:CTJHF) 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 Resources Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CITIC Resources Holdings's Debt-to-Equity 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 » Debt-to-Equity

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.

CITIC Resources Holdings (CITIC Resources Holdings) Headlines

No Headlines