CETC Chips Technology Balance Sheet Health
Financial Health criteria checks 6/6
CETC Chips Technology has a total shareholder equity of CN¥2.4B and total debt of CN¥561.2K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥2.9B and CN¥482.5M respectively. CETC Chips Technology's EBIT is CN¥206.4M making its interest coverage ratio -236.4. It has cash and short-term investments of CN¥790.4M.
Key information
0.02%
Debt to equity ratio
CN¥561.23k
Debt
Interest coverage ratio | -236.4x |
Cash | CN¥790.39m |
Equity | CN¥2.41b |
Total liabilities | CN¥482.54m |
Total assets | CN¥2.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600877's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥470.8M).
Long Term Liabilities: 600877's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥11.8M).
Debt to Equity History and Analysis
Debt Level: 600877 has more cash than its total debt.
Reducing Debt: 600877 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 600877's debt is well covered by operating cash flow (23997.1%).
Interest Coverage: 600877 earns more interest than it pays, so coverage of interest payments is not a concern.