Hefei Chipmore TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hefei Chipmore TechnologyLtd has a total shareholder equity of CN¥5.9B and total debt of CN¥453.9M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are CN¥7.1B and CN¥1.2B respectively. Hefei Chipmore TechnologyLtd's EBIT is CN¥393.0M making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥2.0B.
Key information
7.7%
Debt to equity ratio
CN¥453.93m
Debt
Interest coverage ratio | -10.4x |
Cash | CN¥1.96b |
Equity | CN¥5.91b |
Total liabilities | CN¥1.21b |
Total assets | CN¥7.12b |
Financial Position Analysis
Short Term Liabilities: 688352's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥884.5M).
Long Term Liabilities: 688352's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥324.8M).
Debt to Equity History and Analysis
Debt Level: 688352 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688352's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688352's debt is well covered by operating cash flow (140.4%).
Interest Coverage: 688352 earns more interest than it pays, so coverage of interest payments is not a concern.