Leonardo's total assets reached EUR 25,881 mil at the end of 2Q2020, down 1.8% compared to the previous year.
Current assets amounted to EUR 13,761 mil, or 53.2% of total assets while cash stood at EUR 429 mil at the end of 2Q2020.
By contrast, total debt reached EUR 5,678 mil at the year-end, or 21.9% of total assets, while the firm's equity amounted to EUR 4,941 mil. As a result, net debt stood at EUR 5,249 mil at the end of 2Q2020 and accounted for 106% of equity.
Net debt against equity is down 22.3 pp from five years ago (129%). The ratio against EBITDA decreased from 4.02x seen in 2Q2015 to 3.71x.
The company’s cost of funding amounted to 3.21% in 2Q2020, down 0.917 pp compared to the average over the last 5 years.
You can see all the company’s data at Leonardo profile, or you can download a report on the company in the report section.
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