Financial Ratios


 

2009

2010

2011

2012 2)

2013

 Operating Debt Coverage 1) 41.7% 81.3% 91.6% 507.1%

n.a.*

 Interest Coverage Ratio 8.7 12.8 14.0 14.3

23.9

 Equity Ratio 41.4% 45.4% 46.9% 48.7%

52.5%

* Figure cannot be calculated due to our positive net financial position.


Definition of Financial Ratios

Development of net financial position



 

2009

2010

2011

2012

2013

Cash and cash equivalents
securities and time deposits
1,099 1,868 2,331 3,483

3,457

Financial debt 3)

- 3,906

- 3,934 - 3,723 - 3,568

- 2,498

Net financial position 4) - 2,807 - 2,066 - 1,392 - 85

959

Pension provisions - 867

- 594

- 998

- 960

- 820

1) Hybrid bond included on 50 % debt basis
2) Prior-year figure adjusted in application of IAS 19 revised.
3) Borrowings less positive and plus negative fair values of hedging transactions.
4) Borrowings less cash and cash equivalents and readily monetizable financial instruments classified as "available for sale" or in the "fair value option", and also less positive and plus negative fair values of hedging transactions.