China Renewable Energy Investment Balance Sheet Health
Financial Health criteria checks 5/6
China Renewable Energy Investment has a total shareholder equity of HK$1.8B and total debt of HK$241.7M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are HK$2.2B and HK$322.7M respectively. China Renewable Energy Investment's EBIT is HK$3.9M making its interest coverage ratio 0.2. It has cash and short-term investments of HK$174.4M.
Key information
13.2%
Debt to equity ratio
HK$241.65m
Debt
| Interest coverage ratio | 0.2x |
| Cash | HK$174.42m |
| Equity | HK$1.83b |
| Total liabilities | HK$322.67m |
| Total assets | HK$2.16b |
Recent financial health updates
Is China Renewable Energy Investment (HKG:987) A Risky Investment?
Nov 20
Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?
Nov 24Is China Renewable Energy Investment (HKG:987) Using Too Much Debt?
Apr 04These 4 Measures Indicate That China Renewable Energy Investment (HKG:987) Is Using Debt Extensively
Oct 28China Renewable Energy Investment (HKG:987) Has A Somewhat Strained Balance Sheet
Sep 27Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?
May 26Recent updates
Is China Renewable Energy Investment (HKG:987) A Risky Investment?
Nov 20We Think Shareholders May Want To Consider A Review Of China Renewable Energy Investment Limited's (HKG:987) CEO Compensation Package
May 24China Renewable Energy Investment Limited's (HKG:987) Share Price Could Signal Some Risk
Apr 30Pinning Down China Renewable Energy Investment Limited's (HKG:987) P/E Is Difficult Right Now
Jan 30Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?
Nov 24Is China Renewable Energy Investment (HKG:987) Using Too Much Debt?
Apr 04These 4 Measures Indicate That China Renewable Energy Investment (HKG:987) Is Using Debt Extensively
Oct 28We Think China Renewable Energy Investment's (HKG:987) Robust Earnings Are Conservative
Apr 20China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price
Dec 31China Renewable Energy Investment (HKG:987) Has A Somewhat Strained Balance Sheet
Sep 27China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price
Sep 06Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?
May 26A Look At The Fair Value Of China Renewable Energy Investment Limited (HKG:987)
May 05We Like These Underlying Return On Capital Trends At China Renewable Energy Investment (HKG:987)
Mar 26Can You Imagine How China Renewable Energy Investment's (HKG:987) Shareholders Feel About The 47% Share Price Increase?
Feb 17
Estimating The Intrinsic Value Of China Renewable Energy Investment Limited (HKG:987)
Jan 12Here's What We Learned About The CEO Pay At China Renewable Energy Investment Limited (HKG:987)
Dec 16Returns On Capital - An Important Metric For China Renewable Energy Investment (HKG:987)
Nov 25Financial Position Analysis
Short Term Liabilities: 987's short term assets (HK$555.2M) exceed its short term liabilities (HK$78.8M).
Long Term Liabilities: 987's short term assets (HK$555.2M) exceed its long term liabilities (HK$243.9M).
Debt to Equity History and Analysis
Debt Level: 987's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 987's debt to equity ratio has reduced from 42.1% to 13.2% over the past 5 years.
Debt Coverage: 987's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 987's interest payments on its debt are not well covered by EBIT (0.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/23 17:59 |
| End of Day Share Price | 2025/01/23 00:00 |
| Earnings | 2024/06/30 |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Renewable Energy Investment Limited is covered by 1 analysts. 0 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 |
|---|---|
| Wenbien Shih | Yuanta Research |