Products and applications Investors Jobs About us EN Contact Us Corporate Investors Financing Debt management Debt management Debt structure Bekaert manages its debt in a conservative way to guarantee the financial stability of the group over time and under different circumstances on the financial markets. Bekaert has no financial covenants in its financing agreements. Net debt calculation in thousands of € 2013 2014 2015 2016 2017 2018 2019 2020 Non-current interest-bearing debt 688 244 910 074 792 116 1 161 310 1 180 347 686 665 1 184 310 968 076 Value adjustments -6 245 7 584 - - - - - - Current interest-bearing debt 321 907 441 552 494 714 297 915 454 401 942 041 424 184 641 655 Total financial debt 1 003 906 1 359 210 1 286 830 1 459 225 1 634 748 1 628 705 1 608 495 1 609 732 Non-current financial receivables and cash guarantees -21 421 -19 551 -9 694 -6 664 -6 259 -7 332 -6 518 -7 451 Current loans -6 440 -13 998 -33 185 -13 991 -8 447 -20 186 -8 779 -7 707 Short-term deposits -10 172 -14 160 -10 216 -5 342 -50 406 -50 036 -50 039 -50 077 Cash and equivalents -391 857 -458 542 -401 771 -365 546 -418 779 -398 273 -566 176 -940 416 Net debt 574 016 852 959 831 964 1 067 683 1 150 857 1 152 878 976 984 604 081 Net debt on Underlying EBITDA Net debt Ebitda Net debt/U-Ebitda 2012 700 274 2.1 2013 574 297 1.8 2014 853 342 2.6 2015 837 441 1.9 2016 1 068 481 2.2 2017 1 151 510 2.3 2018 1 153 387 2.7 2019 977 403 2.1 2020 604 473 1.3 Gearing (net debt to equity) in % Quick Links Let us meet! Analyst Research Annual Reports Information Center News Share Trading Shareholders' Guides Related sites Bekaert China Bekaert Japan Bekaert Latin America Bekaert Fencing North America Bridon-Bekaert The Ropes Group ASK A QUESTION Copyright © 2021 Bekaert. All rights reserved. Made By The Reference