2 Cheap Cars Group Ltd
NZX:2CC

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2 Cheap Cars Group Ltd Logo
2 Cheap Cars Group Ltd
NZX:2CC
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Price: 0.8 NZD Market Closed
Market Cap: 36.4m NZD
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Solvency Summary

2 Cheap Cars Group Ltd's solvency score is 57/100. We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and consolidate it into one single number - the solvency score. The higher the solvency score, the more solvent the company is.

57/100
Solvency
Score

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and consolidate it into one single number - the solvency score. The higher the solvency score, the more solvent the company is.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and consolidate it into one single number - the solvency score. The higher the solvency score, the more solvent the company is.

57/100
Solvency
Score
57/100
Solvency
Score

Financial Position

A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.

Cash & ST Investments
+
Sep 30, 2024 4.7m
Mar 31, 2024 4.7m
Sep 30, 2023 6.1m
Long-Term Investments
+
Sep 30, 2024 0
Mar 31, 2024 0
Sep 30, 2023 0
Debt
+
Sep 30, 2024 7.1m
Mar 31, 2024 7.1m
Sep 30, 2023 5.8m

Interest Coverage

To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.

The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.

All Solvency Ratios

Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.