2 Cheap Cars Group Ltd
NZX:2CC

Watchlist Manager
2 Cheap Cars Group Ltd Logo
2 Cheap Cars Group Ltd
NZX:2CC
Watchlist
Price: 0.57 NZD 1.79% Market Closed
Market Cap: 26m NZD

Bankruptcy Probability

2 Cheap Cars Group Ltd's probability of bankruptcy is 2.6%, pointing to a small but noticeable default risk. The solvency score is 57/100 — a warning sign of potential financial weakness.

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 use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

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.

Show More Less
Cash & ST Investments
+
Mar 31, 2025 0
Sep 30, 2024 0
Mar 31, 2024 9.3m
Sep 30, 2023 6.1m
Long-Term Investments
+
Mar 31, 2025 0
Sep 30, 2024 0
Mar 31, 2024 0
Sep 30, 2023 0
Debt
+
Mar 31, 2025 6.5m
Sep 30, 2024 8.6m
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.

Show More Less

All Solvency Ratios

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

Is 2 Cheap Cars Group Ltd at risk of bankruptcy?

2 Cheap Cars Group Ltd's probability of bankruptcy is 2.6%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does 2 Cheap Cars Group Ltd have?

As of the latest report, 2 Cheap Cars Group Ltd has total debt of 6.5m NZD. This includes both short-term (110k NZD) and long-term (6.4m NZD) debt.

You can find a full breakdown on its Balance Sheet.

Back to Top