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Geely Automobile's total assets reached CNY 108,215 mil at the end of 2Q2020, up 18.2% compared to the previous year.
Current assets amounted to CNY 49,515 mil, or 45.8% of total assets while cash stood at CNY 20,174 mil at the end of 2Q2020.
By contrast, total debt reached CNY 7,034 mil at the year-end, or 6.50% of total assets, while the firm's equity amounted to CNY 61,122 mil. As a result, net debt stood at CNY -13,140 mil at the end of 2Q2020 and accounted for -21.5% of equity.
Net debt against equity is up 8.89 pp from five years ago (-30.4%). The ratio against EBITDA increased from -1.49x seen in 2Q2015 to -1.23x.
The company’s cost of funding amounted to 2.02% in 2Q2020, down 2.31 pp compared to the average over the last 5 years.
You can see all the company’s data at Geely Automobile profile, or you can download a report on the company in the report section.
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