Avast's total assets reached USD 2,727 mil at the end of 2Q2020, down 2.16% compared to the previous year.
Current assets amounted to USD 276 mil, or 10.1% of total assets while cash stood at USD 152 mil at the end of 2Q2020.
By contrast, total debt reached USD 962 mil at the year-end, or 35.3% of total assets, while the firm's equity amounted to USD 1,141 mil. As a result, net debt stood at USD 811 mil at the end of 2Q2020 and accounted for 71.1% of equity.
Net debt against equity is up 71.1 pp from five years ago (). The ratio against EBITDA increased from x seen in 2Q2015 to 1.94x.
The company’s cost of funding amounted to 3.72% in 2Q2020, down 1.26 pp compared to the average over the last 5 years.