Gearing ratio
Net financial debt – Equity – Gearing ratio
In millions of euros
As of the end of March 2025, the voestalpine Group maintained its gearing ratio at a low and stable level, just as it had in the previous year. This development is especially positive given the increased investment activity over the past two years in the transformation to green steel production, alongside continued regular dividend payments. As of March 31, 2025, voestalpine reported a gearing ratio (net financial debt as a percentage of equity) of 22.1% (March 31, 2024: 22.0%). Net financial debt remained virtually unchanged at EUR 1,650.0 million (March 31, 2024: EUR 1,650.8 million). Since dividend payments to voestalpine shareholders and non-controlling interests in the 2024/25 business year exceeded total comprehensive income for the period, equity declined slightly to EUR 7,464.7 million as of March 31, 2025, compared with EUR 7,499.6 million on March 31, 2024. Earnings performance was particularly affected by negative one-off effects, including impairment losses and expenditure related to the reorganization of Automotive Components.
Net financial debt can be broken down as follows:
In millions of euros |
|
03/31/2024 |
|
03/31/2025 |
|---|---|---|---|---|
|
|
|
|
|
Financial liabilities, non-current |
|
1,459.7 |
|
1,911.5 |
Financial liabilities, current |
|
1,688.0 |
|
843.7 |
Cash and cash equivalents |
|
–1,322.1 |
|
–781.8 |
Other financial assets |
|
–158.2 |
|
–304.4 |
Loans and other receivables from financing |
|
–20.4 |
|
–19.0 |
Net financial debt from disposal groups |
|
3.8 |
|
0.0 |
Net financial debt |
|
1,650.8 |
|
1,650.0 |