Wafer Works (Shanghai) Balance Sheet Health
Financial Health criteria checks 6/6
Wafer Works (Shanghai) has a total shareholder equity of CN¥4.1B and total debt of CN¥186.2M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥4.5B and CN¥457.2M respectively. Wafer Works (Shanghai)'s EBIT is CN¥107.6M making its interest coverage ratio 10.3. It has cash and short-term investments of CN¥1.3B.
Key information
4.6%
Debt to equity ratio
CN¥186.22m
Debt
| Interest coverage ratio | 10.3x |
| Cash | CN¥1.32b |
| Equity | CN¥4.08b |
| Total liabilities | CN¥457.17m |
| Total assets | CN¥4.54b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688584's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥324.5M).
Long Term Liabilities: 688584's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥132.6M).
Debt to Equity History and Analysis
Debt Level: 688584 has more cash than its total debt.
Reducing Debt: 688584's debt to equity ratio has reduced from 47.2% to 4.6% over the past 5 years.
Debt Coverage: 688584's debt is well covered by operating cash flow (237.2%).
Interest Coverage: 688584's interest payments on its debt are well covered by EBIT (10.3x coverage).