China Rapid Finance's net debt stood at USD -32.0 mil and accounted for -218% of equity at the end of 3Q2018. The ratio is down 94.0 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of -25.7% in 3Q2016 and a low of -218% in 3Q2018 between 3Q2016 and 3Q2018. The average for the last five years was -141%.
Net debt to EBITDA was calculated at 0.565x at the end of the quarter. That is up from x seen in 2013-09-30. The ratio reached a high of 2.43x in 4Q2017 and a low of 0.565x in 3Q2018.
The company’s cost of funding amounted to 0% in 3Q2018, up which is above the 5-year of 0%. Funding costs have “eaten” some 0% of the operating profit generated in 2019.
You can see all the company’s data at China Rapid Finance profile, or you can download a report on the company in the report section.
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