China Resources Microelectronics Balance Sheet Health
Financial Health criteria checks 6/6
China Resources Microelectronics has a total shareholder equity of CN¥24.1B and total debt of CN¥498.2M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥29.2B and CN¥5.1B respectively. China Resources Microelectronics's EBIT is CN¥765.8M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥8.6B.
Key information
2.1%
Debt to equity ratio
CN¥498.19m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥8.63b |
| Equity | CN¥24.09b |
| Total liabilities | CN¥5.09b |
| Total assets | CN¥29.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688396's short term assets (CN¥13.3B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 688396's short term assets (CN¥13.3B) exceed its long term liabilities (CN¥427.5M).
Debt to Equity History and Analysis
Debt Level: 688396 has more cash than its total debt.
Reducing Debt: 688396's debt to equity ratio has reduced from 28.9% to 2.1% over the past 5 years.
Debt Coverage: 688396's debt is well covered by operating cash flow (316.9%).
Interest Coverage: 688396 earns more interest than it pays, so coverage of interest payments is not a concern.