CETC Chips Technology Balance Sheet Health
Financial Health criteria checks 5/6
CETC Chips Technology has a total shareholder equity of CN¥2.4B and total debt of CN¥47.1M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥3.1B and CN¥690.7M respectively. CETC Chips Technology's EBIT is CN¥257.1M making its interest coverage ratio -401.4. It has cash and short-term investments of CN¥998.5M.
Key information
2.0%
Debt to equity ratio
CN¥47.11m
Debt
Interest coverage ratio | -401.4x |
Cash | CN¥998.50m |
Equity | CN¥2.39b |
Total liabilities | CN¥690.69m |
Total assets | CN¥3.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600877's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥676.9M).
Long Term Liabilities: 600877's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥13.8M).
Debt to Equity History and Analysis
Debt Level: 600877 has more cash than its total debt.
Reducing Debt: 600877's debt to equity ratio has increased from 0% to 2% over the past 5 years.
Debt Coverage: 600877's debt is well covered by operating cash flow (453.9%).
Interest Coverage: 600877 earns more interest than it pays, so coverage of interest payments is not a concern.