2 Cheap Cars Group Balance Sheet Health
Financial Health criteria checks 6/6
2 Cheap Cars Group has a total shareholder equity of NZ$19.2M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$31.6M and NZ$12.5M respectively. 2 Cheap Cars Group's EBIT is NZ$6.4M making its interest coverage ratio 6.9. It has cash and short-term investments of NZ$6.1M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
| Interest coverage ratio | 6.9x |
| Cash | NZ$6.09m |
| Equity | NZ$19.17m |
| Total liabilities | NZ$12.46m |
| Total assets | NZ$31.63m |
Recent financial health updates
No updates
Recent updates
Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23
Investors 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$21.6M) exceed its short term liabilities (NZ$6.7M).
Long Term Liabilities: 2CC's short term assets (NZ$21.6M) exceed its long term liabilities (NZ$5.8M).
Debt to Equity History and Analysis
Debt Level: 2CC is debt free.
Reducing Debt: 2CC had no debt 5 years ago.
Debt Coverage: 2CC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2CC has no debt, therefore coverage of interest payments is not a concern.