Itron's net debt stood at USD 500 mil and accounted for 43.8% of equity at the end of 2021. The ratio is down 64.4 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 140% in 2018 and a low of 26.3% in 2016 between 2011 and 2021. The average for the last five years was 96.0%.
Net debt to EBITDA was calculated at 19.7x at the end of the year.
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The company’s cost of funding amounted to 3.22% in 2021, down which is above the 5-year of 4.16%. Funding costs have “eaten” some 36.1% of the operating profit generated in 2019.
You can see all the company’s data at Itron profile, or you can download a report on the company in the report section.