Xiaomi's net debt stood at CNY -40,547 mil and accounted for -50.6% of equity at the end of 3Q2019. The ratio is up 1.40 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of -33.5% in 1Q2019 and a low of -127% in 2Q2018 between 4Q2017 and 3Q2019. The average for the last five years was -74.9%.
Net debt to EBITDA was calculated at -4.49x at the end of the quarter. That is down from x seen in 2014-09-30. The ratio reached a high of 28.0x in 4Q2017 and a low of -37.2x in 2Q2018.
The company’s cost of funding amounted to 0% in 3Q2019, 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 Xiaomi profile, or you can download a report on the company in the report section.
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