CITIC Resources Holdings (CITIC Resources Holdings) Debt-to-Asset : 0.16 (As of Dec. 2023)

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What is CITIC Resources Holdings Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $1,488.4 Mil. CITIC Resources Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.16.

CITIC Resources Holdings Debt-to-Asset Historical Data

The historical data trend for CITIC Resources Holdings's Debt-to-Asset 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.

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CITIC Resources Holdings Debt-to-Asset Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.41

0.40

0.29

0.21

0.16

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-Asset	Get a 7-Day Free Trial															0.29	0.26	0.21	0.16	0.16

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

For the Other Industrial Metals & Mining subindustry, CITIC Resources Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Metals & Mining Industry

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

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

CITIC Resources Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CITIC Resources Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(47.973	+	186.442)	/	1488.436
	=	0.16

CITIC Resources Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(47.973	+	186.442)	/	1488.436
	=	0.16

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

CITIC Resources Holdings Debt-to-Asset Related Terms

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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-Asset

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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