Volkswagen Group's total assets reached EUR 500,253 mil at the end of 2Q2020, up 4.22% compared to the previous year.
Current assets amounted to EUR 204,929 mil, or 41.0% of total assets while cash stood at EUR 61,348 mil at the end of 2Q2020.
By contrast, total debt reached EUR 214,573 mil at the year-end, or 42.9% of total assets, while the firm's equity amounted to EUR 124,288 mil. As a result, net debt stood at EUR -18,833 mil at the end of 2Q2020 and accounted for -15.2% of equity.
Net debt against equity is up 5.23 pp from five years ago (-20.4%). The ratio against EBITDA decreased from -0.627x seen in 2Q2015 to -0.635x.
The company’s cost of funding amounted to in 2Q2020, down 1.06 pp compared to the average over the last 5 years.
|Cash & Cash Equivalents||Unit||Sep 2018||Dec 2018||Mar 2019||Jun 2019||Sep 2019||Dec 2019||Mar 2020||Jun 2020|
|Audi Group||EUR mil||16,623||17,194||17,771||18,087||18,402||...||...|
|BMW Group||EUR mil||17,654||18,867||17,095||19,157||17,991||...|
|Daimler Group||EUR mil||27,063||28,863||24,727||28,594||29,312||...|
|Porsche AG||EUR mil||5,224||5,508||5,796||6,086||6,377||...||...|
|Volkswagen Group||EUR mil||55,557||38,452||28,642||35,098||53,286|