Follow us for the latest automotive news.
Hino Motors's total assets reached JPY 1,240 bil at the end of 2Q2020, down 4.8% compared to the previous year.
Current assets amounted to JPY 618 bil, or 49.8% of total assets while cash stood at JPY 42.8 bil at the end of 2Q2020.
By contrast, total debt reached JPY 245 bil at the year-end, or 19.7% of total assets, while the firm's equity amounted to JPY 589 bil. As a result, net debt stood at JPY 202 bil at the end of 2Q2020 and accounted for 34.3% of equity.
Net debt against equity is up 9.87 pp from five years ago (24.4%). The ratio against EBITDA increased from 0.752x seen in 2Q2015 to 2.29x.
The company’s cost of funding amounted to 2.32% in 2Q2020, down 0.735 pp compared to the average over the last 5 years.
You can see all the company’s data at Hino Motors profile, or you can download a report on the company in the report section.
Helgi Library 
