China Resources Microelectronics Balance Sheet Health
Financial Health criteria checks 6/6
China Resources Microelectronics has a total shareholder equity of CN¥23.8B and total debt of CN¥956.7M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are CN¥29.4B and CN¥5.6B respectively. China Resources Microelectronics's EBIT is CN¥943.1M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥9.0B.
Key information
4.0%
Debt to equity ratio
CN¥956.72m
Debt
| Interest coverage ratio | -3.4x |
| Cash | CN¥9.03b |
| Equity | CN¥23.79b |
| Total liabilities | CN¥5.58b |
| Total assets | CN¥29.37b |
Recent financial health updates
Recent updates
China Resources Microelectronics (SHSE:688396) Might Be Having Difficulty Using Its Capital Effectively
Apr 28
Unpleasant 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¥13.4B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 688396's short term assets (CN¥13.4B) exceed its long term liabilities (CN¥401.4M).
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 41.4% to 4% over the past 5 years.
Debt Coverage: 688396's debt is well covered by operating cash flow (159.7%).
Interest Coverage: 688396 earns more interest than it pays, so coverage of interest payments is not a concern.