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Cargotec in figures Financials

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The objective of Cargotec treasury management is to secure sufficient funding for business operations, avoiding financial constraint at all times, to provide business units with financial services, to minimise the costs of financing, to manage financial risks (currency, interest rate, liquidity and funding, credit and operational risks) and to provide management with information on the financial position and risk exposures of Cargotec and its business units.

Key figures

Q1/21 2020 2019 2018 2017​​ 2016 ​2015 2014
Net debt​, MEUR 739 682 774 625 472​​ 503 622 719​
​Gearing, % 58.6 52.4 54.2 43.8 33.1​ 36.0 46.4 59.2​
​Total equity/total assets, % 34.4 35.3 36.4 40.9 41.4​​ 39.1 39.8 36.0​
​Net working capital, MEUR 108 103 158 271 115​ 57 ​151 186

In 2019 Cargotec adopted IFRS 16, which impacts net debt and gearing. Q1 2021 figures excluding on-balance sheet lease liabilities: net debt MEUR 573, gearing 45%.

 

Net debt 31 March 2021

Interest-bearing liabilities leasing, MEUR 166
Interest-bearing liabilities other, MEUR 1,003
Cash and cash equivalent, MEUR 414
Other interest-bearing assets, MEUR 22
Financial asset and liabilities held for sales 7
Net debt 739

Figures are updated quarterly.

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