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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.
| | Q3/21 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Net debt, MEUR | 465 | 682 | 774 | 625 | 472 | 503 | 622 | 719 |
| Gearing, % | 30.6 | 52.4 | 54.2 | 43.8 | 33.1 | 36.0 | 46.4 | 59.2 |
| Total equity/total assets, % | 39.1 | 35.3 | 36.4 | 40.9 | 41.4 | 39.1 | 39.8 | 36.0 |
| Net working capital, MEUR | 206 | 103 | 158 | 271 | 115 | 57 | 151 | 186 |
In 2019 Cargotec adopted IFRS 16, which impacts net debt and gearing. Q3 2021 figures excluding on-balance sheet lease liabilities: net debt MEUR 302, gearing 20%.
| Interest-bearing liabilities leasing, MEUR | 163 |
|---|---|
| Interest-bearing liabilities other, MEUR | 907 |
| Cash and cash equivalent, MEUR | 590 |
| Other interest-bearing assets, MEUR | 15 |
| Financial asset and liabilities held for sales | - |
| Net debt | 465 |
Figures are updated quarterly.
Repayment schedule of interest-bearing liabilities on 30 September 2021
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Later |
| Total in balance sheet | 7.8 | 151.0 | 174.8 | 249.6 | 124.6 | 198.9 | 0 |
The table is updated quarterly. Leasing liabilities are excluded from these numbers.
