Follow us for the latest automotive news.
FAW Jiefang Group's net debt stood at CNY -15,980 mil and accounted for -56.1% of equity at the end of 2019. The ratio is down 67.9 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 161% in 1995 and a low of -76.9% in 2003 between 1994 and 2019. The average for the last five years was -3.65%.
Net debt to EBITDA was calculated at -53.7x at the end of the year. That is down from 1.55x seen in 2014. The ratio reached a high of 2.49x in 1996 and a low of -53.7x in 2019.
The company’s cost of funding amounted to 0.197% in 2019, down which is above the 5-year of 2.84%. Funding costs have “eaten” some 1.6% of the operating profit generated in 2019.
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.
Helgi Library 
