China CITIC Financial Asset Management Co (HKSE:02799) Debt-to-Equity : 17.80 (As of Dec. 2023)

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What is China CITIC Financial Asset Management Co Debt-to-Equity?

China CITIC Financial Asset Management Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. China CITIC Financial Asset Management Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$934,648 Mil. China CITIC Financial Asset Management Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$52,496 Mil. China CITIC Financial Asset Management Co's debt to equity for the quarter that ended in Dec. 2023 was 17.80.

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 Financial Asset Management Co's Debt-to-Equity or its related term are showing as below:

HKSE:02799' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.53 Med: 9.49 Max: 64.09
Current: 17.8

During the past 10 years, the highest Debt-to-Equity Ratio of China CITIC Financial Asset Management Co was 64.09. The lowest was 4.53. And the median was 9.49.

HKSE:02799's Debt-to-Equity is ranked worse than
99.9% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs HKSE:02799: 17.80

China CITIC Financial Asset Management Co Debt-to-Equity Historical Data

The historical data trend for China CITIC Financial Asset Management 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.

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China CITIC Financial Asset Management Co Debt-to-Equity Chart

China CITIC Financial Asset Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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9.52

64.09

17.48

16.86

17.80

China CITIC Financial Asset Management Co Semi-Annual Data
	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														17.48	14.58	16.86	21.29	17.80

Competitive Comparison of China CITIC Financial Asset Management Co's Debt-to-Equity

For the Asset Management subindustry, China CITIC Financial Asset Management 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.

China CITIC Financial Asset Management Co's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China CITIC Financial Asset Management Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China CITIC Financial Asset Management Co's Debt-to-Equity falls into.

China CITIC Financial Asset Management Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China CITIC Financial Asset Management 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	+	934647.809)	/	52496.312
	=	17.80

China CITIC Financial Asset Management 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	+	934647.809)	/	52496.312
	=	17.80

China CITIC Financial Asset Management Co (HKSE:02799) 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 Financial Asset Management Co Debt-to-Equity Related Terms

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China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

China Life Franklin Asset Management Co., Limited	2102 Investment manager
China Life Insurance (group) Company	2101 Beneficial owner
China Cinda Asset Management Co., Ltd.	2101 Beneficial owner
Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Warburg Pincus Xi, L.p.	2201 Interest of corporation controlled by you
Wp Xi International Ii Ltd	2201 Interest of corporation controlled by you
Wp Global Llc	2201 Interest of corporation controlled by you
Warburg Pincus Private Equity Xi, L.p.	2201 Interest of corporation controlled by you
Warburg Pincus & Co.	2201 Interest of corporation controlled by you
Sino-ocean Group Holding Limited	2201 Interest of corporation controlled by you
Wisdom City Enterprises Limited	2201 Interest of corporation controlled by you
Sol Investment Fund Lp	2201 Interest of corporation controlled by you

China CITIC Financial Asset Management Co (HKSE:02799) Headlines

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