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
Slowing Rates Of Return At China Three Gorges Renewables (Group)Ltd (SHSE:600905) Leave Little Room For Excitement
Aug 16
China 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).