Sonova Group maintains a healthy balance sheet. In connection with the acquisition of AudioNova, a bond issue of CHF 760 million was placed at attractive rates; we expect to pay this off within the next few years. In summary, this brings net debt to CHF 254 million as of March 31, 2019; the balance sheet remains strong and the equity ratio stands at a solid 55.4%. 

Total Financial liabilities and Net Cash (Debt)

CHF million	31.03.2019	31.03.2018
Current financial liabilities	(256.4)	(161.6)
Non-current financial liabilities	(372.6)	(619.1)
Total financial liabilities	(628.9)	(780.7)
Cash and cash equivalents	374.8	552.1
Other current financial assets without loans	0.3	0.6
Net cash (debt)	(253.9)	(228.0)

Current Financial Liabilities

CHF million	31.03.2019	31.03.2018
Bank debt	0.3	0.0
Bonds	250.0	150.1
Deferred payments and contingent considerations	6.0	9.6
Other current financial liabilities	0.1	1.9
Total	256.4	161.6

Non-current Financial Liabilities

CHF million	31.03.2019	31.03.2018
Bank debt	0.0	0.1
Bonds	359.5	609.2
Deferred payments and contingent considerations	8.8	7.6
Other non-current financial liabilities	4.2	2.2
Total	372.6	619.1

For more information please refer to theAnnual Report.