Giga Device Semiconductor Balance Sheet Health
Financial Health criteria checks 6/6
Giga Device Semiconductor has a total shareholder equity of CN¥15.6B and total debt of CN¥400.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥17.4B and CN¥1.8B respectively. Giga Device Semiconductor's EBIT is CN¥295.9M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥8.8B.
Key information
2.6%
Debt to equity ratio
CN¥400.00m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥8.83b |
| Equity | CN¥15.63b |
| Total liabilities | CN¥1.79b |
| Total assets | CN¥17.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603986's short term assets (CN¥11.4B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603986's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥211.2M).
Debt to Equity History and Analysis
Debt Level: 603986 has more cash than its total debt.
Reducing Debt: 603986's debt to equity ratio has reduced from 4.6% to 2.6% over the past 5 years.
Debt Coverage: 603986's debt is well covered by operating cash flow (447.7%).
Interest Coverage: 603986 earns more interest than it pays, so coverage of interest payments is not a concern.