DEBT AND FINANCING
In this section you can find information on Nokian Tyres’ financial position. Nokian Tyres has not issued any bonds, and company currently has no credit ranking.
In May 2019, Nokian Tyres signed EUR 100 million loan agreement, which terms are linked to sustainability targets. Read more.
|EUR million||March 31, 2022||March 31, 2021||Dec 31, 2021|
|Cash and cash equivalents||253.5||410.4||385.9|
|of which current interest-bearing liabilities||60.4||198.9||40.3|
|Interest-bearing net debt||52.6||30.9||-98.7|
|Unused credit limits*||791.7||548.2||811.7|
|of which committed||305.5||205.5||305.5|
|Gearing ratio, %||3.1%||1.9%||-6.1%|
|Equity ratio, %||70.0%||66.8%||68.4%|
* The current credit limits including the EUR 500 million commercial paper program are used to finance inventories, trade receivables, and subsidiaries in distribution chains, thereby controlling the typical seasonality in the Group’s cash flow.