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.
May 21, 2019: Nokian Tyres signed EUR 100 million loan agreement – terms are linked to sustainability targets. Read more.
Financial position
|
|
September 30, 2019 |
September 30, 2018 |
December 31, 2018 |
|
Cash and cash equivalents, M€ |
92.7 |
107.6 |
447.5 |
|
Interest-bearing financial liabilities, M€ |
515.3 |
133.4 |
132.3 |
|
of which current interest-bearing financial liabilities, M€ |
277.6 |
124.3 |
126.0 |
|
Interest-bearing net debt, M€ |
422.6 |
25.8 |
-315.2 |
|
Unused credit limits*, M€ |
298.7 |
558.7 |
558.8 |
|
of which committed, M€ |
205.5 |
205.5 |
205.5 |
|
Gearing ratio, % |
25.0% |
1.8% |
-21.2% |
|
Equity ratio, % |
66.3% |
70.5% |
71.0% |
|
* The current credit limits and the 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. |
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|
|
June 30, 2019 |
June 30, |
December 31, 2018 |
|
Cash and cash equivalents, M€ |
109.3 |
234.0 |
447.5 |
|
Interest-bearing financial liabilities, M€ |
361.3 |
134.4 |
132.3 |
|
of which current interest-bearing financial liabilities, M€ |
116.1 |
124.8 |
126.0 |
|
Interest-bearing net debt, M€ |
252.0 |
-99.6 |
-315.2 |
|
Unused credit limits*, M€ |
458.7 |
558.7 |
558.8 |
|
of which committed, M€ |
205.5 |
205.5 |
205.5 |
|
Gearing ratio, % |
15.7% |
-7.2% |
-21.2% |
|
Equity ratio, % |
70.5% |
70.5% |
71.0% |
|
* The current credit limits and the 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. |
|||
|
|
March 31, 2019 |
March 31, 2018 |
December 31, 2018 |
|
Cash and cash equivalents, M€ |
321.4 |
309.0 |
447.5 |
|
Interest-bearing financial liabilities, M€ |
266.6 |
134.9 |
132.3 |
|
of which current interest-bearing financial liabilities, M€ |
140.6 |
0.9 |
126.0 |
|
Interest-bearing net debt, M€ |
-54.9 |
-174.1 |
-315.2 |
|
Unused credit limits*, M€ |
558.8 |
508.8 |
558.8 |
|
of which committed, M€ |
205.5 |
155.5 |
205.5 |
|
Gearing ratio, % |
-3.2% |
-11.6% |
-21.2% |
|
Equity ratio, % |
75.7% |
79.1% |
71.0% |
|
* The current credit limits and the 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. |
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Contractual maturities of financial liabilities
| 31.12.2018 | ||||||||
|
Carrying amount |
Contractual maturities* | |||||||
| EUR million | 2019 | 2020 | 2021 | 2022 | 2023 | 2024- | Total | |
| Non-derivative financial liabilities | ||||||||
| Loans from financial institutions and pension loans | ||||||||
| Fixed rate loans | 7.0 | -0.8 | -0.8 | -0.7 | -0.7 | -1.2 | -3.7 | -7.9 |
| Floating rate loans | 125.4 | -126.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -126.6 |
| Trade and other payables | 111.0 | -111.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -111.0 |
| * The figures are undiscounted and include both the finance charges and the repayments. | ||||||||