Development of Financial Indicators
AT&S strives for a net debt/EBITDA ratio of less than 3.0 multiples, while the minimum target for the equity ratio has been set at 30%. Both indicators may temporarily range above or below the planned limits, especially in years of major investments.
The following shows a timeline for the indicators “leverage” and “equity ratio”, calculated on the basis of the consolidated financial statements, which were prepared in accordance with IFRS (International Financial Reporting Standards)
| Financial indicators | FY 2017/18 | FY 2018/19 | FY 2019/20 | FY 2020/21 | FY 2021/22 | FY 2022/23 |
|---|---|---|---|---|---|---|
| Leverage | 0.93 | 0.60 | 1.27 | 2.07 | 0.61 | 2.04 |
| Equity ratio | 46.5% | 45% | 41% | 33.6% | 33.4% | 27.8% |
| Leverage = net debt / EBITDA Equity ratio = equity / total assets |
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