Yiren Digital's net debt stood at CNY -2,365 mil and accounted for -88.2% of equity at the end of 2Q2019. The ratio is down 75.8 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of -12.4% in 2Q2018 and a low of -100% in 1Q2016 between 3Q2015 and 2Q2019. The average for the last five years was -57.4%.
Net debt to EBITDA was calculated at -2.38x at the end of the quarter. That is down from x seen in 2014-06-30. The ratio reached a high of -0.376x in 2Q2018 and a low of -2.38x in 2Q2019.
The company’s cost of funding amounted to -83.4% in 2Q2019, up which is above the 5-year of -123%. Funding costs have “eaten” some 14.9% of the operating profit generated in 2019.
You can see all the company’s data at Yiren Digital profile, or you can download a report on the company in the report section.
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