Chongqing Changan Automobile - Indebtedness

Chongqing Changan Automobile's net debt stood at CNY 1,935 mil and accounted for 4.41% of equity at the end of 2019. The ratio is down 7.20 pp compared to the previous year.

Historically, the firm’s net debt to equity reached a high of 105% in 1995 and a low of -48.8% in 2002 between 1995 and 2019. The average for the last five years was 3.64%.

Net debt to EBITDA was calculated at 0.671x at the end of the year. That is up from 7.27x seen in 2014. The ratio reached a high of 392x in 2012 and a low of -122x in 2013.

The company’s cost of funding amounted to 0.279% in 2019, down which is above the 5-year of 0.357%. Funding costs have “eaten” some 21.3% of the operating profit generated in 2019.

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.