China Renewable Energy Investment Limited

SEHK:987 Stock Report

Market Cap: HK$290.7m

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 ratio0.2x
CashHK$174.42m
EquityHK$1.83b
Total liabilitiesHK$322.67m
Total assetsHK$2.16b

Recent financial health updates

Recent updates

We Think Shareholders May Want To Consider A Review Of China Renewable Energy Investment Limited's (HKG:987) CEO Compensation Package

May 24
We Think Shareholders May Want To Consider A Review Of China Renewable Energy Investment Limited's (HKG:987) CEO Compensation Package

China Renewable Energy Investment Limited's (HKG:987) Share Price Could Signal Some Risk

Apr 30
China Renewable Energy Investment Limited's (HKG:987) Share Price Could Signal Some Risk

Pinning Down China Renewable Energy Investment Limited's (HKG:987) P/E Is Difficult Right Now

Jan 30
Pinning Down China Renewable Energy Investment Limited's (HKG:987) P/E Is Difficult Right Now

Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?

Nov 24
Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?

Is China Renewable Energy Investment (HKG:987) Using Too Much Debt?

Apr 04
Is China Renewable Energy Investment (HKG:987) Using Too Much Debt?

These 4 Measures Indicate That China Renewable Energy Investment (HKG:987) Is Using Debt Extensively

Oct 28
These 4 Measures Indicate That China Renewable Energy Investment (HKG:987) Is Using Debt Extensively

We Think China Renewable Energy Investment's (HKG:987) Robust Earnings Are Conservative

Apr 20
We Think China Renewable Energy Investment's (HKG:987) Robust Earnings Are Conservative

China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price

Dec 31
China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price

China Renewable Energy Investment (HKG:987) Has A Somewhat Strained Balance Sheet

Sep 27
China Renewable Energy Investment (HKG:987) Has A Somewhat Strained Balance Sheet

China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price

Sep 06
China Renewable Energy Investment (HKG:987) Is Doing The Right Things To Multiply Its Share Price

Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?

May 26
Does China Renewable Energy Investment (HKG:987) Have A Healthy Balance Sheet?

A Look At The Fair Value Of China Renewable Energy Investment Limited (HKG:987)

May 05
A Look At The Fair Value Of China Renewable Energy Investment Limited (HKG:987)

We Like These Underlying Return On Capital Trends At China Renewable Energy Investment (HKG:987)

Mar 26
We Like These Underlying Return On Capital Trends At China Renewable Energy Investment (HKG:987)

Can You Imagine How China Renewable Energy Investment's (HKG:987) Shareholders Feel About The 47% Share Price Increase?

Feb 17
Can You Imagine How China Renewable Energy Investment's (HKG:987) Shareholders Feel About The 47% Share Price Increase?

Estimating The Intrinsic Value Of China Renewable Energy Investment Limited (HKG:987)

Jan 12
Estimating The Intrinsic Value Of China Renewable Energy Investment Limited (HKG:987)

Here's What We Learned About The CEO Pay At China Renewable Energy Investment Limited (HKG:987)

Dec 16
Here's What We Learned About The CEO Pay At China Renewable Energy Investment Limited (HKG:987)

Returns On Capital - An Important Metric For China Renewable Energy Investment (HKG:987)

Nov 25
Returns On Capital - An Important Metric For China Renewable Energy Investment (HKG:987)

Financial 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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