China Three Gorges Renewables (Group) Co (SHSE:600905) Debt-to-Equity : 1.83 (As of Sep. 2023)

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What is China Three Gorges Renewables (Group) Co Debt-to-Equity?

China Three Gorges Renewables (Group) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥13,633 Mil. China Three Gorges Renewables (Group) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥133,570 Mil. China Three Gorges Renewables (Group) Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥80,351 Mil. China Three Gorges Renewables (Group) Co's debt to equity for the quarter that ended in Sep. 2023 was 1.83.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for China Three Gorges Renewables (Group) Co's Debt-to-Equity or its related term are showing as below:

SHSE:600905' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.48 Max: 2.05
Current: 1.83

During the past 13 years, the highest Debt-to-Equity Ratio of China Three Gorges Renewables (Group) Co was 2.05. The lowest was 0.75. And the median was 1.48.

SHSE:600905's Debt-to-Equity is ranked worse than
74.74% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.845 vs SHSE:600905: 1.83

China Three Gorges Renewables (Group) Co Debt-to-Equity Historical Data

The historical data trend for China Three Gorges Renewables (Group) Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

China Three Gorges Renewables (Group) Co Debt-to-Equity Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.75

1.15

1.67

1.43

1.70

China Three Gorges Renewables (Group) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.65	1.70	1.72	1.74	1.83

Competitive Comparison of China Three Gorges Renewables (Group) Co's Debt-to-Equity

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Three Gorges Renewables (Group) Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Debt-to-Equity falls into.

China Three Gorges Renewables (Group) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Three Gorges Renewables (Group) Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(18633.13	+	112529.166)	/	77051.117
	=	1.70

China Three Gorges Renewables (Group) Co's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13632.814	+	133569.809)	/	80351.106
	=	1.83

China Three Gorges Renewables (Group) Co (SHSE:600905) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

China Three Gorges Renewables (Group) Co Debt-to-Equity Related Terms

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China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

China Three Gorges Renewables (Group) Co (SHSE:600905) Headlines

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