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Porsche AG's total assets reached EUR 42,366 mil at the end of 2019, up 11% compared to the previous year.
Current assets amounted to EUR 12,659 mil, or 29.9% of total assets while cash stood at EUR 6,377 mil at the end of 2019.
By contrast, total debt reached EUR 7,614 mil at the year-end, or 18.0% of total assets, while the firm's equity amounted to EUR 17,428 mil. As a result, net debt stood at EUR 1,237 mil at the end of 2019 and accounted for 7.10% of equity.
Net debt against equity is down 32.0 pp from five years ago (39.1%). The ratio against EBITDA decreased from 0.817x seen in 2014 to 0.179x.
The company’s cost of funding amounted to 2.20% in 2019, up 0.117 pp compared to the average over the last 5 years.
You can see all the company’s data at Porsche AG profile, or you can download a report on the company in the report section.
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