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 1,366 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 332 million. Long-term loans amounted to EUR 1,035 million. Wärtsilä has initiated arrangements for additional two-year term loans to further strengthen liquidity reserves in response to the COVID-19 pandemic. During the second quarter, loans amounting to EUR 80 million were signed, of which EUR 40 million has already been disbursed.
Ratings
Wärtsilä has not issued bonds to the market and thus has never had a company rating available or analyst coverage for debt instruments.