Volkswagen Group's net debt stood at EUR -17,355 mil and accounted for -13.8% of equity at the end of 1Q2020. The ratio is up 0.746 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 1Q2020. The average for the last five years was -20.7%.
Net debt to EBITDA was calculated at -0.475x at the end of the quarter. That is down from -0.618x seen in 2015-03-31. 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 1Q2020, down which is above the 5-year of 1.06%. Funding costs have “eaten” some 0% of the operating profit generated in 2019.
|Net Debt/EBITDA||Unit||Jun 2018||Sep 2018||Dec 2018||Mar 2019||Jun 2019||Sep 2019||Dec 2019||Mar 2020|