China Resources Microelectronics Balance Sheet Health
Financial Health criteria checks 6/6
China Resources Microelectronics has a total shareholder equity of CN¥24.1B and total debt of CN¥498.2M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥29.2B and CN¥5.1B respectively. China Resources Microelectronics's EBIT is CN¥765.8M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥8.6B.
Key information
2.1%
Debt to equity ratio
CN¥498.19m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥8.63b |
| Equity | CN¥24.09b |
| Total liabilities | CN¥5.09b |
| Total assets | CN¥29.17b |
Recent financial health updates
Here's Why China Resources Microelectronics (SHSE:688396) Has A Meaningful Debt Burden
Dec 13
China Resources Microelectronics (SHSE:688396) Has A Somewhat Strained Balance Sheet
Jul 12Is China Resources Microelectronics (SHSE:688396) A Risky Investment?
Feb 29Recent updates
Here's Why China Resources Microelectronics (SHSE:688396) Has A Meaningful Debt Burden
Dec 13China Resources Microelectronics (SHSE:688396) Will Want To Turn Around Its Return Trends
Nov 22At CN¥51.20, Is It Time To Put China Resources Microelectronics Limited (SHSE:688396) On Your Watch List?
Oct 30Earnings Tell The Story For China Resources Microelectronics Limited (SHSE:688396) As Its Stock Soars 60%
Oct 08Weak Statutory Earnings May Not Tell The Whole Story For China Resources Microelectronics (SHSE:688396)
Sep 06China Resources Microelectronics Limited Just Missed Earnings - But Analysts Have Updated Their Models
Sep 03China Resources Microelectronics Limited's (SHSE:688396) Shareholders Might Be Looking For Exit
Aug 23China Resources Microelectronics (SHSE:688396) Could Be Struggling To Allocate Capital
Aug 02China Resources Microelectronics (SHSE:688396) Has A Somewhat Strained Balance Sheet
Jul 12Is China Resources Microelectronics Limited (SHSE:688396) Potentially Undervalued?
May 26Things Look Grim For China Resources Microelectronics Limited (SHSE:688396) After Today's Downgrade
May 03China Resources Microelectronics (SHSE:688396) Might Be Having Difficulty Using Its Capital Effectively
Apr 28Unpleasant Surprises Could Be In Store For China Resources Microelectronics Limited's (SHSE:688396) Shares
Apr 09Estimating The Intrinsic Value Of China Resources Microelectronics Limited (SHSE:688396)
Mar 18Is China Resources Microelectronics (SHSE:688396) A Risky Investment?
Feb 29Financial Position Analysis
Short Term Liabilities: 688396's short term assets (CN¥13.3B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 688396's short term assets (CN¥13.3B) exceed its long term liabilities (CN¥427.5M).
Debt to Equity History and Analysis
Debt Level: 688396 has more cash than its total debt.
Reducing Debt: 688396's debt to equity ratio has reduced from 28.9% to 2.1% over the past 5 years.
Debt Coverage: 688396's debt is well covered by operating cash flow (316.9%).
Interest Coverage: 688396 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 06:36 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Resources Microelectronics Limited is covered by 14 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chen He | Chasing Securities |
| Kevin Chen | Citigroup Inc |
| Chaolien Tseng | Credit Suisse |