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¥99.6B and total debt of CN¥160.6B, which brings its debt-to-equity ratio to 161.3%. Its total assets and total liabilities are CN¥324.9B and CN¥225.4B respectively. China Three Gorges Renewables (Group)Ltd's EBIT is CN¥12.6B making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥6.6B.
Key information
161.3%
Debt to equity ratio
CN¥160.60b
Debt
Interest coverage ratio | 3.9x |
Cash | CN¥6.58b |
Equity | CN¥99.56b |
Total liabilities | CN¥225.38b |
Total assets | CN¥324.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600905's short term assets (CN¥54.2B) exceed its short term liabilities (CN¥42.5B).
Long Term Liabilities: 600905's short term assets (CN¥54.2B) do not cover its long term liabilities (CN¥182.9B).
Debt to Equity History and Analysis
Debt Level: 600905's net debt to equity ratio (154.7%) is considered high.
Reducing Debt: 600905's debt to equity ratio has increased from 78.6% to 161.3% over the past 5 years.
Debt Coverage: 600905's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 600905's interest payments on its debt are well covered by EBIT (3.9x coverage).