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Anhui Ankai Automobile's net debt stood at CNY 2,113 mil and accounted for 418% of equity at the end of 2019. The ratio is down 327 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 745% in 2018 and a low of -37.6% in 2011 between 1994 and 2019. The average for the last five years was 360%.
Net debt to EBITDA was calculated at 16.5x at the end of the year. That is up from -3.03x seen in 2014. The ratio reached a high of 16.5x in 2019 and a low of -31.4x in 2017.
The company’s cost of funding amounted to 3.13% in 2019, up which is above the 5-year of 2.18%. Funding costs have “eaten” some 172% of the operating profit generated in 2019.
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.
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