Chongqing Three Gorges Water Conservancy and Electric Power Balance Sheet Health
Financial Health criteria checks 1/6
Chongqing Three Gorges Water Conservancy and Electric Power has a total shareholder equity of CN¥11.4B and total debt of CN¥8.8B, which brings its debt-to-equity ratio to 77.3%. Its total assets and total liabilities are CN¥23.2B and CN¥11.8B respectively. Chongqing Three Gorges Water Conservancy and Electric Power's EBIT is CN¥403.3M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥2.2B.
Key information
77.3%
Debt to equity ratio
CN¥8.77b
Debt
Interest coverage ratio | 1.8x |
Cash | CN¥2.23b |
Equity | CN¥11.36b |
Total liabilities | CN¥11.84b |
Total assets | CN¥23.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600116's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥6.8B).
Long Term Liabilities: 600116's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥5.0B).
Debt to Equity History and Analysis
Debt Level: 600116's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: 600116's debt to equity ratio has increased from 37.8% to 77.3% over the past 5 years.
Debt Coverage: 600116's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: 600116's interest payments on its debt are not well covered by EBIT (1.8x coverage).