Giga Device Semiconductor Balance Sheet Health
Financial Health criteria checks 6/6
Giga Device Semiconductor has a total shareholder equity of CN¥15.3B and total debt of CN¥400.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥17.1B and CN¥1.7B respectively. Giga Device Semiconductor's EBIT is CN¥105.3M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥9.9B.
Key information
2.6%
Debt to equity ratio
CN¥400.00m
Debt
Interest coverage ratio | -0.3x |
Cash | CN¥9.86b |
Equity | CN¥15.34b |
Total liabilities | CN¥1.73b |
Total assets | CN¥17.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603986's short term assets (CN¥12.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603986's short term assets (CN¥12.5B) exceed its long term liabilities (CN¥241.1M).
Debt to Equity History and Analysis
Debt Level: 603986 has more cash than its total debt.
Reducing Debt: 603986's debt to equity ratio has reduced from 14.3% to 2.6% over the past 5 years.
Debt Coverage: 603986's debt is well covered by operating cash flow (396.6%).
Interest Coverage: 603986 earns more interest than it pays, so coverage of interest payments is not a concern.