Key credit figures

 

 2020  2019  2018  2017* 
2016 2015 2014 2013 2012 2011 2010
Return on equity (ROE), %  5.8  9.0 16.1 16.0 15.6  20.2 18.0 21.4 20.1 17.5 25.0
Net interest-bearing loan capital  394  726 333 234
150  372 94 276 567 58 -165
Gearing  0.18  0.30** 0.14 0.10 0.07  0.17 0.05 0.15 0.32 0.04 -0.09
Solvency, %  38.1  40.8 44.4 46.3 47.6  44.6 43.5 43.9 41.3 41.3 40.8

* 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 28 January 2021. 

Wärtsilä had interest-bearing debt totalling EUR 1,327 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 198 million. Long-term loans amounted to EUR 1,129 million. Net interest-bearing debt totalled EUR 394 million (726 at the end of 2019). Gearing was 0.18 (0.30 at the end of 2019), while the solvency ratio was 38.1% (40.8 at the end of 2019). Equity per share was 3.68 euro (4.05 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.

© 2021 Wärtsilä