SHSE:600905's Quick Ratio is ranked worse than 58.97% of 446
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.24
vs SHSE:600905: 1.02
China Three Gorges Renewables (Group) Co (SHSE:600905) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
China Three Gorges Renewables (Group) Co Quick Ratio Related Terms
China Three Gorges Renewables (Group) Co Quick Ratio Historical Data
* 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.
China Three Gorges Renewables (Group) Co Quick Ratio Chart
China Three Gorges Renewables (Group) Co Annual Data
China Three Gorges Renewables (Group) Co Quick Ratio Competitor Comparison
For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China Three Gorges Renewables (Group) Co's Quick Ratio falls into.
China Three Gorges Renewables (Group) Co Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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.
China Three Gorges Renewables (Group) Co (SHSE:600905) has a Quick Ratio of 1.02 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China Three Gorges Renewables (Group) Co and its competitors. This is near median its historical median of 1.06. Over the past decade, China Three Gorges Renewables (Group) Co's Quick Ratio has ranged from 0.69 to 1.68. According to the industry distribution chart, China Three Gorges Renewables (Group) Co ranks #263 out of 446 companies in the Utilities - Independent Power Producers industry, placing it in the top 59%.
Is China Three Gorges Renewables (Group) Co's Quick Ratio too high?
China Three Gorges Renewables (Group) Co's current Quick Ratio of 1.02 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.68. The Utilities - Independent Power Producers industry median Quick Ratio is 1.24. China Three Gorges Renewables (Group) Co's value of 1.02 is 17.7% below this industry median. Based on the distribution chart, China Three Gorges Renewables (Group) Co ranks #263 out of 446 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, China Three Gorges Renewables (Group) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Three Gorges Renewables (Group) Co's Quick Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Three Gorges Renewables (Group) Co ranks #263 out of 446 companies for Quick Ratio. This places China Three Gorges Renewables (Group) Co in the lower half of its industry. The industry median Quick Ratio is 1.24. China Three Gorges Renewables (Group) Co's value of 1.02 is 17.7% below this benchmark. Historically, China Three Gorges Renewables (Group) Co's own Quick Ratio has ranged from 0.69 to 1.68 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.24, China Three Gorges Renewables (Group) Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Utilities - Independent Power Producers company?
The median Quick Ratio among Utilities - Independent Power Producers companies is 1.24, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Three Gorges Renewables (Group) Co's current Quick Ratio of 1.02 is 17.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on China Three Gorges Renewables (Group) Co and its competitors. For the Utilities - Independent Power Producers industry, the median Quick Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Three Gorges Renewables (Group) Co's current Quick Ratio is 1.02, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Three Gorges Renewables (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co (SHSE:600905) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.42, compared to a current price of ¥3.77 — trading 14.7% below its estimated fair value. The current Quick Ratio is 1.02, which is near median its 10-year median of 1.06 and 17.7% below the Utilities - Independent Power Producers industry median of 1.24. China Three Gorges Renewables (Group) Co's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For China Three Gorges Renewables (Group) Co (SHSE:600905), the current Quick Ratio is 1.02 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is China Three Gorges Renewables (Group) Co (SHSE:600905) Overvalued in 2026?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co stock appears to be undervalued.
The current stock price of ¥3.77 is trading 14.7% below its estimated GF Value™ of ¥4.42.
GuruFocus considers China Three Gorges Renewables (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:600905:
Quick Ratio: 1.02 (near median its 10-year median of 1.06)
GF Value™: ¥4.42 vs. price of ¥3.77 (14.7% below fair value)
Industry Position: 17.7% below the Utilities - Independent Power Producers median (#263 of 446)
No single metric tells the full story. See the SHSE:600905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Three Gorges Renewables (Group) Co Business Description
China Three Gorges Renewables is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants, and energy storage projects. CTGR has a total generation capacity of about 52.4 gigawatts as of the end of 2025. The firm is also one of the largest offshore wind farm operators in China, with 7.5 GW of installed capacity at the end of 2025. Parent company China Three Gorges, a state-owned enterprise, owns approximately 52.3% of CTGR's issued shares as of the end of 2025.
83GF Score
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