Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. China Resources Microelectronics's
Operating Income
for the
three
months ended in Mar. 2026 was ¥329 Mil. China Resources Microelectronics's Interest Expense for the
three
months ended in Mar. 2026 was ¥-3 Mil.
China Resources Microelectronics's interest coverage for the quarter that ended in Mar. 2026 was 103.68.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. China Resources Microelectronics Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for China Resources Microelectronics's Interest Coverage or its related term are showing as below:
SHSE:688396'
s Interest Coverage Range Over the Past 10 Years
Min: 2.41 Med: 22.94 Max: 122.98
Current: 115.42
SHSE:688396's Interest Coverage is ranked better than 74.49% of 635
companies
in the Semiconductors industry
Industry Median: 20.32
vs SHSE:688396: 115.42
China Resources Microelectronics (SHSE:688396) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
China Resources Microelectronics Interest Coverage Related Terms
China Resources Microelectronics Interest Coverage Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
China Resources Microelectronics Interest Coverage Chart
SHSE:688396 vs NVDA, AVGO, MU: Interest Coverage Comparison
For the Semiconductors subindustry, China Resources Microelectronics's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
China Resources Microelectronics Interest Coverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, China Resources Microelectronics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where China Resources Microelectronics's Interest Coverage falls into.
China Resources Microelectronics Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
China Resources Microelectronics (SHSE:688396) has a Interest Coverage of 103.68 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on China Resources Microelectronics and its competitors. This is 352% above median its historical median of 22.94. Over the past decade, China Resources Microelectronics' Interest Coverage has ranged from 2.41 to 122.98. According to the industry distribution chart, China Resources Microelectronics ranks #162 out of 635 companies in the Semiconductors industry, placing it in the top 25.5%.
Is China Resources Microelectronics' Interest Coverage too high?
China Resources Microelectronics' current Interest Coverage of 103.68 is 352% above median its 10-year median of 22.94. Over the past 10 years, this metric has ranged from a low of 2.41 to a high of 122.98. The Semiconductors industry median Interest Coverage is 20.32. China Resources Microelectronics' value of 103.68 is 410.2% above this industry median. Based on the distribution chart, China Resources Microelectronics ranks #162 out of 635 companies in the Semiconductors industry, which is above the industry midpoint. Overall, China Resources Microelectronics has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Microelectronics' Interest Coverage compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, China Resources Microelectronics ranks #162 out of 635 companies for Interest Coverage. This puts China Resources Microelectronics in the upper half of its industry. The industry median Interest Coverage is 20.32. China Resources Microelectronics' value of 103.68 is 410.2% above this benchmark. Historically, China Resources Microelectronics' own Interest Coverage has ranged from 2.41 to 122.98 over the past decade. While the company's 10-year median is 22.94 vs. the industry median of 20.32, China Resources Microelectronics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.32, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Resources Microelectronics's current Interest Coverage of 103.68 is 410.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on China Resources Microelectronics and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Microelectronics's current Interest Coverage is 103.68, which is 352% above median its own 10-year median of 22.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, China Resources Microelectronics (SHSE:688396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥56.03, compared to a current price of ¥85.61 — trading 52.8% above its estimated fair value. The current Interest Coverage is 103.68, which is 352% above median its 10-year median of 22.94 and 410.2% above the Semiconductors industry median of 20.32. China Resources Microelectronics' overall GF Score™ is 85/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For China Resources Microelectronics (SHSE:688396), the current Interest Coverage is 103.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is China Resources Microelectronics (SHSE:688396) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Microelectronics stock appears to be overvalued.
The current stock price of ¥85.61 is trading 52.8% above its estimated GF Value™ of ¥56.03.
GuruFocus considers China Resources Microelectronics to be Significantly Overvalued.
Key valuation signals for SHSE:688396:
Interest Coverage: 103.68 (352% above median its 10-year median of 22.94)
GF Value™: ¥56.03 vs. price of ¥85.61 (52.8% above fair value)
Industry Position: 410.2% above the Semiconductors median (#162 of 635)
No single metric tells the full story. See the SHSE:688396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Microelectronics Business Description
China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services.
85GF Score
Get the complete analysis for SHSE:688396
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