Giga Device Semiconductor Balance Sheet Health
Financial Health criteria checks 5/6
Giga Device Semiconductor has a total shareholder equity of CN¥16.0B and total debt of CN¥700.0M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CN¥18.2B and CN¥2.2B respectively. Giga Device Semiconductor's EBIT is CN¥573.0M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥9.3B.
Key information
4.4%
Debt to equity ratio
CN¥700.00m
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥9.27b |
| Equity | CN¥16.00b |
| Total liabilities | CN¥2.17b |
| Total assets | CN¥18.16b |
Recent financial health updates
Recent updates
Giga Device Semiconductor's (SHSE:603986) Performance Is Even Better Than Its Earnings Suggest
Nov 06
Results: Giga Device Semiconductor Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Oct 28Giga Device Semiconductor Inc.'s (SHSE:603986) Shares Climb 28% But Its Business Is Yet to Catch Up
Oct 04Giga Device Semiconductor Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 22Giga Device Semiconductor (SHSE:603986) Might Be Having Difficulty Using Its Capital Effectively
Aug 15We Think Giga Device Semiconductor (SHSE:603986) Can Stay On Top Of Its Debt
Jul 24Giga Device Semiconductor Inc.'s (SHSE:603986) Price Is Out Of Tune With Revenues
Jun 12Some May Be Optimistic About Giga Device Semiconductor's (SHSE:603986) Earnings
Apr 28What Giga Device Semiconductor Inc.'s (SHSE:603986) 26% Share Price Gain Is Not Telling You
Mar 04Giga Device Semiconductor (SHSE:603986) May Have Issues Allocating Its Capital
Feb 29Financial Position Analysis
Short Term Liabilities: 603986's short term assets (CN¥12.0B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 603986's short term assets (CN¥12.0B) exceed its long term liabilities (CN¥197.2M).
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 increased from 1.9% to 4.4% over the past 5 years.
Debt Coverage: 603986's debt is well covered by operating cash flow (294.6%).
Interest Coverage: 603986 earns more interest than it pays, so coverage of interest payments is not a concern.