China Three Gorges Renewables (Group)Ltd Balance Sheet Health
Financial Health criteria checks 2/6
China Three Gorges Renewables (Group)Ltd has a total shareholder equity of CN¥101.1B and total debt of CN¥176.1B, which brings its debt-to-equity ratio to 174.2%. Its total assets and total liabilities are CN¥340.1B and CN¥239.0B respectively. China Three Gorges Renewables (Group)Ltd's EBIT is CN¥12.7B making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥8.9B.
Key information
174.2%
Debt to equity ratio
CN¥176.11b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥8.95b |
| Equity | CN¥101.11b |
| Total liabilities | CN¥238.96b |
| Total assets | CN¥340.07b |
Recent financial health updates
Recent updates
Be Wary Of China Three Gorges Renewables (Group)Ltd (SHSE:600905) And Its Returns On Capital
Dec 10
Earnings Working Against China Three Gorges Renewables (Group) Co.,Ltd.'s (SHSE:600905) Share Price
Nov 22Slowing Rates Of Return At China Three Gorges Renewables (Group)Ltd (SHSE:600905) Leave Little Room For Excitement
Aug 16China Three Gorges Renewables (Group) Co.,Ltd.'s (SHSE:600905) Low P/E No Reason For Excitement
Jul 26These 4 Measures Indicate That China Three Gorges Renewables (Group)Ltd (SHSE:600905) Is Using Debt Extensively
May 22China Three Gorges Renewables (Group) Co.,Ltd. (SHSE:600905) Might Not Be As Mispriced As It Looks
Apr 22The Returns On Capital At China Three Gorges Renewables (Group)Ltd (SHSE:600905) Don't Inspire Confidence
Mar 25Financial Position Analysis
Short Term Liabilities: 600905's short term assets (CN¥56.4B) exceed its short term liabilities (CN¥53.0B).
Long Term Liabilities: 600905's short term assets (CN¥56.4B) do not cover its long term liabilities (CN¥186.0B).
Debt to Equity History and Analysis
Debt Level: 600905's net debt to equity ratio (165.3%) is considered high.
Reducing Debt: 600905's debt to equity ratio has increased from 96.1% to 174.2% over the past 5 years.
Debt Coverage: 600905's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: 600905's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:32 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
China Three Gorges Renewables (Group) Co.,Ltd. is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charlotte Xia | BofA Global Research |
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Jiani Liu | China International Capital Corporation Limited |