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FAW Jiefang Group's total assets reached CNY 96,332 mil at the end of 2Q2020, up 401% compared to the previous year.
Current assets amounted to CNY 79,258 mil, or 82.3% of total assets while cash stood at CNY 30,574 mil at the end of 2Q2020.
By contrast, total debt reached CNY 26,247 mil at the year-end, or 27.2% of total assets, while the firm's equity amounted to CNY 24,036 mil. As a result, net debt stood at CNY -4,327 mil at the end of 2Q2020 and accounted for -18.0% of equity.
Net debt against equity is down 40.2 pp from five years ago (22.2%). The ratio against EBITDA decreased from 1.80x seen in 2Q2015 to -1.12x.
The company’s cost of funding amounted to 0.124% in 2Q2020, down 2.78 pp compared to the average over the last 5 years.
You can see all the company’s data at FAW Jiefang Group profile, or you can download a report on the company in the report section.
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