Key credit figures
| |
2019 |
2018 |
2017*
|
2016 |
2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
2009 |
| Return on equity (ROE), % |
9.0 |
16.1 |
16.0 |
15.6 |
20.2 |
18.0 |
21.4 |
20.1 |
17.5 |
25.0 |
29.2 |
| Net interest-bearing loan capital |
726 |
333 |
234
|
150 |
372 |
94 |
276 |
567 |
58 |
-165 |
414 |
| Gearing |
0.30** |
0.14 |
0.10 |
0.07 |
0.17 |
0.05 |
0.15 |
0.32 |
0.04 |
-0.09 |
0.28 |
| Solvency, % |
40.8 |
44.4 |
46.3 |
47.6 |
44.6 |
43.5 |
43.9 |
41.3 |
41.3 |
40.8 |
40.0 |
* Figures for 2017 have been restated due to the adoption of IFRS 15.
**Includes cash and cash equivalents pertaining to assets held for sale.
Credit programmes
The information below is from the Stock Exchange Release published on 17 July 2020.
Wärtsilä had interest-bearing debt totalling EUR 1,424 million at the end of the period (1,096 at the end of 2019). The total amount of short-term debt maturing within the next 12 months was EUR 273 million. Long-term loans amounted to EUR 1,151 million. During the third quarter, Wärtsilä finalised its COVID-19 pandemic related funding arrangements. A two-year loan amounting to EUR 40 million that was signed in the second quarter was disbursed, and additional two-year loans totalling EUR 110 million were taken. Net interest-bearing debt totalled EUR 678 million (726 at the end of 2019).
Ratings
Wärtsilä has not issued bonds to the market and thus has never had a company rating available or analyst coverage for debt instruments.