Zhengzhou Yutong Bus - Indebtedness

Zhengzhou Yutong Bus's net debt stood at CNY -1,915 mil and accounted for -10.8% of equity at the end of 2019. The ratio is down 20.7 pp compared to the previous year.

Historically, the firm’s net debt to equity reached a high of 473% in 1994 and a low of -49.2% in 2013 between 1994 and 2019. The average for the last five years was -6.76%.

Net debt to EBITDA was calculated at -0.691x at the end of the year. That is down from -0.960x seen in 2014. The ratio reached a high of 1.08x in 2007 and a low of -1.84x in 2005.

The company’s cost of funding amounted to 3.74% in 2019, down which is above the 5-year of 4.79%. Funding costs have “eaten” some 8.86% of the operating profit generated in 2019.

You can see all the company’s data at Zhengzhou Yutong Bus profile, or you can download a report on the company in the report section.