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NET FINANCIAL DEBT

Prysmian Group’s Net Financial Debt at 31st December 2021 is equal to € 1,760 million. The following table provides a detailed breakdown of net financial debt:

in millions of Euro 31 December 2021 31 December 2020 31 December 2019
Long-term financial paybles
2.609
3,057
3,047
Short-term financial paybles
1,132
143
222
TOTAL FINANCIAL LIABILITIES
3,741
3,200
3,269
Total financial liabilities (of which financial leasing IFRS16)
203
186
169
Cash and cash equivalents
1,702
1,163
1,070
Other financial assets
279
51
59
TOTAL FINANCIAL ASSETS
1,981
1,214
1,129
NET FINANCIAL DEBT
1,760
1,986
2,140
TOTAL EQUITY
3,089
2,423
2,602
GEARING RATIO
36.3%
45.0%
45.1%

Financial debt maturity as at 31 December 2021 (€M)

Including:
  • 135 €M new EIB Loan fully drawn down on 28th January 2022
  • 250 €M 2017 Convertible Bond repaid at maturity on 17th January 2022
Financial debt maturity as at 31 December 2021 (€M)
(*) excluding debt held by local affiliated and debt coming from IFRS 16 (101 €M and 203 €M respectively) at 31.12.2021