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Volkswagen Group's net debt stood at EUR -18,833 mil and accounted for -15.2% of equity at the end of 2Q2020. The ratio is down 21.9 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 319% in 3Q2004 and a low of -41.8% in 2Q2001 between 1Q1990 and 2Q2020. The average for the last five years was -20.5%.
Net debt to EBITDA was calculated at -0.635x at the end of the quarter. That is down from -0.627x seen in 2015-06-30. The ratio reached a high of 7.68x in 3Q2004 and a low of -1.74x in 2Q2016.
The company’s cost of funding amounted to in 2Q2020, down which is above the 5-year of 1.06%. Funding costs have “eaten” some 0% of the operating profit generated in 2019.
You can see all the company’s data at Volkswagen Group profile, or you can download a report on the company in the report section.
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