KORE's net debt stood at USD 317 mil and accounted for 116% of equity at the end of 2021. The ratio is up 126 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 116% in 2021 and a low of -9.58% in 2020 between 2020 and 2021. The average for the last five years was 53.4%.
Net debt to EBITDA was calculated at 9.25x at the end of the year.
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The company’s cost of funding amounted to 6.44% in 2021, up which is above the 5-year of 6.44%. Funding costs have “eaten” some 144% of the operating profit generated in 2019.
You can see all the company’s data at KORE profile, or you can download a report on the company in the report section.
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