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Dongfeng Motor Group's net debt stood at CNY 26,919 mil and accounted for 20.1% of equity at the end of 2019. The ratio is up 6.55 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 31.4% in 2004 and a low of -55.1% in 2010 between 2002 and 2019. The average for the last five years was 6.06%.
Net debt to EBITDA was calculated at 23.7x at the end of the year. That is up from 2.55x seen in 2014. The ratio reached a high of 97.8x in 2018 and a low of -2.25x in 2015.
The company’s cost of funding amounted to 1.02% in 2019, up which is above the 5-year of 0.763%. Funding costs have “eaten” some 56% of the operating profit generated in 2019.
You can see all the company’s data at Dongfeng Motor Group profile, or you can download a report on the company in the report section.
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