Porsche AG - Balance Sheet

Porsche AG's total assets reached EUR 42,366 mil at the end of 4Q2019, 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 4Q2019.

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 4Q2019 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 4Q2014 to 0.179x.

The company’s cost of funding amounted to 2.02% in 4Q2019, down 0.062 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.