Wafer Works (Shanghai) Balance Sheet Health
Financial Health criteria checks 6/6
Wafer Works (Shanghai) has a total shareholder equity of CN¥4.0B and total debt of CN¥419.2M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are CN¥4.9B and CN¥880.1M respectively. Wafer Works (Shanghai)'s EBIT is CN¥148.8M making its interest coverage ratio 4.2. It has cash and short-term investments of CN¥1.7B.
Key information
10.4%
Debt to equity ratio
CN¥419.22m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CN¥1.71b |
| Equity | CN¥4.04b |
| Total liabilities | CN¥880.14m |
| Total assets | CN¥4.92b |
Financial Position Analysis
Short Term Liabilities: 688584's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥614.8M).
Long Term Liabilities: 688584's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥265.3M).
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 40.7% to 10.4% over the past 5 years.
Debt Coverage: 688584's debt is well covered by operating cash flow (127.3%).
Interest Coverage: 688584's interest payments on its debt are well covered by EBIT (4.2x coverage).