China Three Gorges Renewables (Group) Co (SHSE:600905) Equity-to-Asset : 0.28 (As of Sep. 2023)

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

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. 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 Total Assets for the quarter that ended in Sep. 2023 was ¥284,499 Mil. Therefore, China Three Gorges Renewables (Group) Co's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.28.

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

SHSE:600905' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.32 Max: 0.48
Current: 0.28

During the past 13 years, the highest Equity to Asset Ratio of China Three Gorges Renewables (Group) Co was 0.48. The lowest was 0.28. And the median was 0.32.

SHSE:600905's Equity-to-Asset is ranked worse than
68.79% of 439 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.39 vs SHSE:600905: 0.28

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

The historical data trend for China Three Gorges Renewables (Group) Co's Equity-to-Asset 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 Equity-to-Asset Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.48

0.39

0.29

0.32

0.29

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
Equity-to-Asset	Get a 7-Day Free Trial															0.30	0.29	0.29	0.29	0.28

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

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

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

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

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	77051.117	/	262127.164
	=	0.29

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

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	80351.106	/	284498.7
	=	0.28

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

China Three Gorges Renewables (Group) Co Equity-to-Asset 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 » Equity-to-Asset

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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