Financial Ratios
Our Financial Ratios are impacted by the payment of the purchase price of €3.7bn for the acquisition of the National Starch businesses on April 03, 2008.
|
2004* |
2005 |
2006 |
2007 |
Q3/08 | |
| Debt Coverage Ratio** |
31.6% |
39.9% |
48.4% |
74.3% |
19.3% |
| Interest Coverage Ratio |
8.4 |
7.1 |
9.4 |
9.4 |
5.1 |
| Equity Ratio |
32.7 % |
38.7 % |
41.6% |
43.7% |
35.2% |
| Gearing |
0.85 |
0.68 |
0.58 |
0.41 |
0.98 |
** hybrid bond included on 50 % equity basis
Development of Debt
|
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
Q3/08 | |
| Liquid funds/Marketable securities |
226 |
1,188 |
1,695 |
1,212 |
929 |
1,440 |
653 |
| Gross financial debt |
859 |
1,855 |
3,174 |
3,805 |
3,334 |
3,142 |
5,991 |
| Net financial debt |
633 |
667 |
1,479 |
2,593 |
2,405 |
1,702 |
5,338 |
| Pension provisions |
1,644 |
1,937 |
2,218 |
1,061 |
788 |
657 |
483 |
