CITIC Heavy Industries Co (SHSE:601608) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is CITIC Heavy Industries Co Debt-to-Equity?

CITIC Heavy Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥946 Mil. CITIC Heavy Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,209 Mil. CITIC Heavy Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥8,098 Mil. CITIC Heavy Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 0.27.

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 Heavy Industries Co's Debt-to-Equity or its related term are showing as below:

SHSE:601608' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.78 Max: 1.06
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of CITIC Heavy Industries Co was 1.06. The lowest was 0.27. And the median was 0.78.

SHSE:601608's Debt-to-Equity is ranked better than
52.63% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs SHSE:601608: 0.27

CITIC Heavy Industries Co Debt-to-Equity Historical Data

The historical data trend for CITIC Heavy Industries 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.

* Premium members only.

CITIC Heavy Industries Co Debt-to-Equity Chart

CITIC Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

0.75

0.68

0.51

0.29

CITIC Heavy Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.37	0.30	0.29	0.27

Competitive Comparison of CITIC Heavy Industries Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, CITIC Heavy Industries 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.

CITIC Heavy Industries Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CITIC Heavy Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CITIC Heavy Industries Co's Debt-to-Equity falls into.

CITIC Heavy Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CITIC Heavy Industries 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
	=	(1337.847	+	985.84)	/	8016.897
	=	0.29

CITIC Heavy Industries Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(945.872	+	1209.192)	/	8098.165
	=	0.27

CITIC Heavy Industries Co (SHSE:601608) 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 Heavy Industries Co Debt-to-Equity Related Terms

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CITIC Heavy Industries Co (SHSE:601608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Heavy Industries Co Ltd (SHSE:601608) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

206 Jianshe Road, Henan Province, Luoyang, CHN, 471039

Website

http://www.citic-hic.com

CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.

CITIC Heavy Industries Co (SHSE:601608) Headlines

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