Quectel Wireless Solutions's net debt stood at CNY 1,395 mil and accounted for 43.5% of equity at the end of 2021. The ratio is up 10.2 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 44.7% in 2016 and a low of -40.0% in 2017 between 2015 and 2021. The average for the last five years was 1.63%.
Net debt to EBITDA was calculated at 2.54x at the end of the year.
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The company’s cost of funding amounted to 1.35% in 2021, down which is above the 5-year of 2.53%. Funding costs have “eaten” some 7.08% of the operating profit generated in 2019.
You can see all the company’s data at Quectel Wireless Solutions profile, or you can download a report on the company in the report section.
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