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NET FINANCIAL DEBT

Prysmian Group’s Net Financial Debt at 31st December 2020 is equal to € 1,986 million. The following table provides a detailed breakdown of net financial debt:

in millions of Euro 31 December 2020 31 December 2019 31 December 2018
Long-term financial paybles
3,057
3,047
3,169
Short-term financial paybles
143
222
106
TOTAL FINANCIAL LIABILITIES
3,200
3,269
3,275
Total financial liabilities (of which financial leasing IFRS16)
186
169
-
Cash and cash equivalents
1,163
1,070
1,001
Other financial assets
51
59
52
TOTAL FINANCIAL ASSETS
1,214
1,129
1,053
NET FINANCIAL DEBT
1,986
2,140
2,222
TOTAL EQUITY
2,423
2,602
2,374
GEARING RATIO
45.0%
45.1%
48.3%

Financial debt maturity as at 31 December 2020 (€M)

Including:
  • 750 €M Convertible Bond Zero-Coupon issued on 2nd February 2021,
  • 2017 Convertible Bond reduced by 250 €M nominal value on the same day and
  • new CdP Loan of 75 €M utilized on 9th February 2021
Financial debt maturity as at 31 December 2020 (€M)
(*) excluding debt held by local affiliates and debt coming from IFRS 16 (113 €M and 186 €M respectively) at 31.12.2020

Debt structure as at 31 December 2020

Debt structure as at 31 December 2020