Chongqing Three Gorges Water Conservancy and Electric Power Balance Sheet Health
Financial Health criteria checks 2/6
Chongqing Three Gorges Water Conservancy and Electric Power has a total shareholder equity of CN¥11.4B and total debt of CN¥9.3B, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are CN¥24.0B and CN¥12.6B respectively. Chongqing Three Gorges Water Conservancy and Electric Power's EBIT is CN¥604.5M making its interest coverage ratio 4. It has cash and short-term investments of CN¥1.9B.
Key information
81.6%
Debt to equity ratio
CN¥9.32b
Debt
Interest coverage ratio | 4x |
Cash | CN¥1.94b |
Equity | CN¥11.42b |
Total liabilities | CN¥12.57b |
Total assets | CN¥23.99b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600116's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥7.7B).
Long Term Liabilities: 600116's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 600116's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: 600116's debt to equity ratio has increased from 36.5% to 81.6% over the past 5 years.
Debt Coverage: 600116's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 600116's interest payments on its debt are well covered by EBIT (4x coverage).