Geely Automobile - Indebtedness

Geely Automobile's net debt stood at CNY -12,835 mil and accounted for -23.4% of equity at the end of 2019. The ratio is down 0.806 pp compared to the previous year.

Historically, the firm’s net debt to equity reached a high of 486% in 2001 and a low of -54.2% in 1993 between 1992 and 2019. The average for the last five years was -33.1%.

Net debt to EBITDA was calculated at -1.27x at the end of the year. That is down from -1.37x seen in 2014. The ratio reached a high of 5,493x in 1994 and a low of -106x in 2006.

The company’s cost of funding amounted to 2.14% in 2019, down which is above the 5-year of 4.31%. Funding costs have “eaten” some 1.48% of the operating profit generated in 2019.

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.