Givaudan ENG 中文 contact us Breadcrumb Home Investors Investor information Debt information Debt information Related navigation Investor fact sheet Online integrated annual report Have a question? FAQ Contact us Services Print this page RSS Givaudan’s financial position remained solid at the end of the year. Net debt at December 2020 was CHF 4,040 million and the leverage ratio was 50%. Balanced debt profile in million CHF ST < 1 Y 1-2 Y 2-3 Y 3-4 Y 4-5 Y 5-6 Y 8-14 Y C&CE 0 250 500 750 1000 1250 Credit ratings In 2018 we received our first credit ratings, and the strong investment confirms the Company’s market leadership position and strong financial profile: S&P global ratings: A- credit rating, with a stable outlook Moody’s investors Service: Baa1 rating, with stable outlook Credit rating as per June 2020: Company Givaudan SA SA&P short-term rating A-2 S&P long-term rating A- S&P outlook stable Moody's rating Baa1 Moody's outlook negative Debt The Group entered into the following debt. Issuer Issue date Type of debt Currency of principal Principal amount in millions Redeemable Interest rate Type of interest 2020 2019 in millions of Swiss francs Givaudan SA 2011 Public bonds CHF 150 07-12-2021 2.125% fixed 150 149 Givaudan United States, Inc. 2012 Private placements a USD 40 06-02-2020 2.740% Reimbursed 39 150 06-02-2023 3.300% 132 145 60 06-02-2025 3.450% 53 58 Givaudan SA 2014 Public bonds CHF 100 18-09-2020 1.000% Reimbursed 100 150 19-03-2024 1.750% 150 150 2016 100 07-12-2022 0.000% 100 100 200 05-12-2031 0.625% 200 200 2017 Private placements EUR 100 20-12-2022 - floating c 108 108 200 20-12-2024 1.331% fixed 216 217 2018 Public bonds CHF 150 09-04-2020 - floating Reimbursed 150 200 09-04-2025 0.375% fixed 200 200 EUR 500 17-09-2025 1.125% 538 540 800 17-09-2030 2.000% 861 864 2019 2020 Group bank credit facility CHF 600 180 26-06-2023 - floating c Reimbursed 600 2020 Public bonds 150 10-11-2028 0.150% fixed 150 Givaudan Finance Europe BV 2020 Public bonds EUR 500 22-04-2027 1.000% fixed 537 500 22-04-2032 1.625% 538 Other entities 2019 2020 Other local Borrowings EUR 7 (2019) 6 (2020) Various maturities 1.180% fixed 6 8 CNY 426 (2019) 714 (2020) - floating 97 59 Other - 1 3 Total short-term and long-term debt as at 31 December b 4,037 3,690 a) There are various covenants contained in these transactions covering conditions on net worth, indebtedness and EBITDA ratio to net interest expense of Givaudan United States, Inc. The Company is and has been in full compliance with the covenants set. b) The fair value of the short-term and long-term debt exceeds its carrying value by approximately 9% as at 31 December 2020. c) The floating interest rate is based on a Libor rate. Capital management The objective of the Group is to maintain the ability to continue as a going concern whilst maximising shareholder value through an optimal balance of debt and equity. in millions of Swiss francs 2020 2021 Short-term debt 206 335 Long-term debt 4,245 3,796 Less: cash and cash equivalents (411) (452) Net debt 4,040 3,679 Total equity attributable to equity holders of the parent 3,490 3,640 Remeasurement of post-employment benefit obligations 484 525 Equity 3,974 4,165 Net debt and equity 8,014 7,844 Leverage ratio 50% 47% BACK TO TOP Footer sub menu Contact Legal Privacy notice Locations Sitemap © Givaudan 2021 LinkedIn LinkedIn LinkedIn LinkedIn LinkedIn STOCK PRICE GIVN: 4,564.00 (36.00) 0.80% Updated 2021-12-03 12:29:02 CET This website uses cookies We use cookies (and similar techniques) on our site to improve the experience for you, enabling you to benefit from social sharing functionality (for Facebook, Instagram, etc.) and to tailor messages that are relevant to you (on our site, and others). They also help us understand how our site is being used. Read our Cookie Notice or manage your Cookie Preferences (you can do this anytime). By clicking "Accept" you consent to our use of cookies.Cookies policy Cookies Settings Reject All Accept All Cookies