Chongqing Changan Automobile - Balance Sheet

Chongqing Changan Automobile's total assets reached CNY 102,802 mil at the end of 2Q2020, up 11% compared to the previous year.

Current assets amounted to CNY 54,303 mil, or 52.8% of total assets while cash stood at CNY 20,994 mil at the end of 2Q2020.

By contrast, total debt reached CNY 18,942 mil at the year-end, or 18.4% of total assets, while the firm's equity amounted to CNY 46,574 mil. As a result, net debt stood at CNY -2,052 mil at the end of 2Q2020 and accounted for -4.41% of equity.

Net debt against equity is down 25.0 pp from five years ago (20.6%). The ratio against EBITDA decreased from 3.73x seen in 2Q2015 to -0.364x.

The company’s cost of funding amounted to 0.226% in 2Q2020, down 0.187 pp compared to the average over the last 5 years.

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