Anhui Ankai Automobile - Balance Sheet

Anhui Ankai Automobile's total assets reached CNY 4,732 mil at the end of 2Q2020, down 30.8% compared to the previous year.

Current assets amounted to CNY 3,348 mil, or 70.8% of total assets while cash stood at CNY 294 mil at the end of 2Q2020.

By contrast, total debt reached CNY 2,169 mil at the year-end, or 45.8% of total assets, while the firm's equity amounted to CNY 454 mil. As a result, net debt stood at CNY 1,875 mil at the end of 2Q2020 and accounted for 413% of equity.

Net debt against equity is up 346 pp from five years ago (66.5%). The ratio against EBITDA increased from -1.97x seen in 2Q2015 to 2,002x.

The company’s cost of funding amounted to 4.03% in 2Q2020, up 0.881 pp compared to the average over the last 5 years.

You can see all the company’s data at Anhui Ankai Automobile profile, or you can download a report on the company in the report section.