2 Cheap Cars Group Balance Sheet Health
Financial Health criteria checks 5/6
2 Cheap Cars Group has a total shareholder equity of NZ$20.1M and total debt of NZ$1.5M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are NZ$33.7M and NZ$13.6M respectively. 2 Cheap Cars Group's EBIT is NZ$7.3M making its interest coverage ratio 13.3. It has cash and short-term investments of NZ$2.5M.
Key information
7.4%
Debt to equity ratio
NZ$1.50m
Debt
| Interest coverage ratio | 13.3x |
| Cash | NZ$2.54m |
| Equity | NZ$20.15m |
| Total liabilities | NZ$13.56m |
| Total assets | NZ$33.71m |
Recent financial health updates
No updates
Recent updates
Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings
Nov 22
Returns on Capital Paint A Bright Future For 2 Cheap Cars Group (NZSE:2CC)
Sep 05Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Apr 12Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Jul 19NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063
Jun 01NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings
Dec 09Financial Position Analysis
Short Term Liabilities: 2CC's short term assets (NZ$20.3M) exceed its short term liabilities (NZ$6.4M).
Long Term Liabilities: 2CC's short term assets (NZ$20.3M) exceed its long term liabilities (NZ$7.1M).
Debt to Equity History and Analysis
Debt Level: 2CC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2CC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2CC's debt is well covered by operating cash flow (143.6%).
Interest Coverage: 2CC's interest payments on its debt are well covered by EBIT (13.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 11:18 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
2 Cheap Cars Group Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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