CHBJF (China Citic Bank) Debt-to-Equity : 1.50 (As of Sep. 2024)

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What is China Citic Bank Debt-to-Equity?

China Citic Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. China Citic Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $172,073 Mil. China Citic Bank's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $114,725 Mil. China Citic Bank's debt to equity for the quarter that ended in Sep. 2024 was 1.50.

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 China Citic Bank's Debt-to-Equity or its related term are showing as below:

CHBJF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 1.46 Max: 1.77
Current: 1.5

During the past 13 years, the highest Debt-to-Equity Ratio of China Citic Bank was 1.77. The lowest was 0.59. And the median was 1.46.

CHBJF's Debt-to-Equity is ranked worse than
77.78% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs CHBJF: 1.50

China Citic Bank Debt-to-Equity Historical Data

The historical data trend for China Citic Bank'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.

China Citic Bank Debt-to-Equity Chart

China Citic Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.46

1.47

1.67

1.59

1.48

China Citic Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.46	1.48	1.66	1.57	1.50

Competitive Comparison of China Citic Bank's Debt-to-Equity

For the Banks - Regional subindustry, China Citic Bank'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.

China Citic Bank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Citic Bank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Citic Bank's Debt-to-Equity falls into.

China Citic Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Citic Bank'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	+	148812.778)	/	100448.447
	=	1.48

China Citic Bank's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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	+	172073.064)	/	114725.127
	=	1.50

China Citic Bank (OTCPK:CHBJF) 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.

China Citic Bank Debt-to-Equity Related Terms

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China Citic Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Citic Bank Corp Ltd (OTCPK:CHBJF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

CHCJY:USA 00998:Hong Kong D7C:Germany 601998:China

Address

10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020

Website

https://www.citicbank.com

As the second-largest joint-stock banks, China Citic Bank is headquartered in Beijing. It offers a full range of commercial banking services, with 1,410 outlets in 146 cities in China and branches in Hong Kong, Macau, New York, Los Angeles, and Singapore. As of 2022, the bank is the 9th-largest nationwide listed commercial bank in China in terms of total assets.