Elbit Systems's net debt stood at ILS 1,011 mil and accounted for 46.8% of equity at the end of 2019. The ratio is up 16.0 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 47.9% in 2011 and a low of -34.6% in 1997 between 1996 and 2019. The average for the last five years was 23.2%.
Net debt to EBITDA was calculated at 2.39x at the end of the year. That is up from 0.892x seen in 2014. The ratio reached a high of 6.78x in 2000 and a low of -1.16x in 1997.
The company’s cost of funding amounted to 2.78% in 2019, down which is above the 5-year of 3.30%. Funding costs have “eaten” some 8.76% of the operating profit generated in 2019.
You can see all the company’s data at Elbit Systems profile, or you can download a report on the company in the report section.
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