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Volvo Group's total assets reached SEK 521,483 mil at the end of 2Q2020, up 1.07% compared to the previous year.
Current assets amounted to SEK 284,483 mil, or 54.6% of total assets while cash stood at SEK 72,022 mil at the end of 2Q2020.
By contrast, total debt reached SEK 174,241 mil at the year-end, or 33.4% of total assets, while the firm's equity amounted to SEK 141,267 mil. As a result, net debt stood at SEK 80,207 mil at the end of 2Q2020 and accounted for 56.8% of equity.
Net debt against equity is down 59.7 pp from five years ago (116%). The ratio against EBITDA decreased from 3.24x seen in 2Q2015 to 1.70x.
The company’s cost of funding amounted to 0.839% in 2Q2020, down 0.431 pp compared to the average over the last 5 years.
You can see all the company’s data at Volvo Group profile, or you can download a report on the company in the report section.
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