Tongfu MicroelectronicsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tongfu MicroelectronicsLtd has a total shareholder equity of CN¥14.8B and total debt of CN¥14.3B, which brings its debt-to-equity ratio to 96.5%. Its total assets and total liabilities are CN¥35.0B and CN¥20.2B respectively. Tongfu MicroelectronicsLtd's EBIT is CN¥1.0B making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥4.5B.
Key information
96.5%
Debt to equity ratio
CN¥14.30b
Debt
Interest coverage ratio | 2.2x |
Cash | CN¥4.48b |
Equity | CN¥14.82b |
Total liabilities | CN¥20.20b |
Total assets | CN¥35.02b |
Recent financial health updates
No updates
Recent updates
Tongfu MicroelectronicsLtd's (SZSE:002156) Problems Go Beyond Weak Profit
Apr 25Results: Tongfu Microelectronics Co.,Ltd Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 16Tongfu MicroelectronicsLtd (SZSE:002156) Hasn't Managed To Accelerate Its Returns
Mar 26Tongfu Microelectronics Co.,Ltd's (SZSE:002156) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 04Financial Position Analysis
Short Term Liabilities: 002156's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥12.2B).
Long Term Liabilities: 002156's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥8.0B).
Debt to Equity History and Analysis
Debt Level: 002156's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: 002156's debt to equity ratio has increased from 58.3% to 96.5% over the past 5 years.
Debt Coverage: 002156's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 002156's interest payments on its debt are not well covered by EBIT (2.2x coverage).