Changzhou Galaxy Century MicroelectronicsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Changzhou Galaxy Century MicroelectronicsLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥383.0M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are CN¥2.0B and CN¥653.0M respectively. Changzhou Galaxy Century MicroelectronicsLtd's EBIT is CN¥65.5M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥995.1M.
Key information
28.7%
Debt to equity ratio
CN¥382.96m
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥995.11m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥653.04m |
| Total assets | CN¥1.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688689's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥211.7M).
Long Term Liabilities: 688689's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥441.3M).
Debt to Equity History and Analysis
Debt Level: 688689 has more cash than its total debt.
Reducing Debt: 688689's debt to equity ratio has increased from 0% to 28.7% over the past 5 years.
Debt Coverage: 688689's debt is well covered by operating cash flow (25.7%).
Interest Coverage: 688689's interest payments on its debt are not well covered by EBIT (2.5x coverage).