China Three Gorges Renewables (Group) Co (SHSE:600905) LT-Debt-to-Total-Asset : 0.46 (As of Sep. 2024)

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What is China Three Gorges Renewables (Group) Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. China Three Gorges Renewables (Group) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.46.

China Three Gorges Renewables (Group) Co's long-term debt to total assets ratio declined from Sep. 2023 (0.47) to Sep. 2024 (0.46). It may suggest that China Three Gorges Renewables (Group) Co is progressively becoming less dependent on debt to grow their business.

China Three Gorges Renewables (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Three Gorges Renewables (Group) Co's LT-Debt-to-Total-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.

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China Three Gorges Renewables (Group) Co LT-Debt-to-Total-Asset Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.39

0.40

0.43

0.46

China Three Gorges Renewables (Group) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.47	0.46	0.48	0.44	0.46

China Three Gorges Renewables (Group) Co LT-Debt-to-Total-Asset Calculation

China Three Gorges Renewables (Group) Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	144314.442	/	311707.561
	=	0.46

China Three Gorges Renewables (Group) Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	155710.352	/	340074.203
	=	0.46

China Three Gorges Renewables (Group) Co (SHSE:600905) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

China Three Gorges Renewables (Group) Co LT-Debt-to-Total-Asset Related Terms

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China Three Gorges Renewables (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » LT-Debt-to-Total-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 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 40.0 gigawatts as of the end of 2023. In particular, the firm is also one of the largest offshore wind farm operators in China, with 5.5 GW of installed capacity at the end of 2023, representing about 15% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.5% of CTGR's issued shares as of the end of 2023.

Executives

Zhang Long	Directors, senior managers
Yang Gui Fang	senior management
Lv Dong	senior management

China Three Gorges Renewables (Group) Co Headlines

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