CITIC Metal Co (SHSE:601061) Debt-to-Asset : 0.42 (As of Mar. 2024)

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What is CITIC Metal Co Debt-to-Asset?

CITIC Metal Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥16,859 Mil. CITIC Metal Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥3,268 Mil. CITIC Metal Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥48,154 Mil. CITIC Metal Co's debt to asset for the quarter that ended in Mar. 2024 was 0.42.

CITIC Metal Co Debt-to-Asset Historical Data

The historical data trend for CITIC Metal Co'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 Metal Co Debt-to-Asset Chart

CITIC Metal Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.35

0.41

0.38

0.33

CITIC Metal Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial									0.42	0.37	0.31	0.33	0.42

Competitive Comparison of CITIC Metal Co's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, CITIC Metal Co'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 Metal Co's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

CITIC Metal Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CITIC Metal Co'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
	=	(11689.027	+	3116.229)	/	44486.783
	=	0.33

CITIC Metal Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(16858.731	+	3268.341)	/	48153.773
	=	0.42

CITIC Metal Co (SHSE:601061) 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 Metal Co Debt-to-Asset Related Terms

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CITIC Metal Co (SHSE:601061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Metal Co Ltd (SHSE:601061) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No. 6 Xinyuan South Road, Room 1903, Jingcheng Building, Chaoyang District, Beijing, CHN, 100004

Website

http://www.metal.citic

CITIC Metal Co Ltd is engaged in the bulk trade business of metal minerals, the main trade products are niobium products, iron ore, non-ferrous metals, steel and so on.

CITIC Metal Co (SHSE:601061) Headlines

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