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Financial liabilities

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: Sonova Annual Report - Financial Report