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Key debt ratios

The Snam Group has access to capital markets in order to meet its short and long term financial needs through different sources of funding with the goal to maintain a solid and efficient capital structure.

  2017 2018 2019
Net financial debt 11,550 11,548 11,923
Shareholders' equity
(including minority interests)
6,188 5,985 6,258
Net invested capital 17,738 17,533 18,181
Net cash flow from operating activities 1,864 1,826 1,486
Net financial debt/Net invested capital 65.0% 66.0% 65.6%
Net financial debt/Shareholders' equity 1.9x 1.9x 1.9x
Net cash flow from operating activities/Net financial debt 16.1% 15.8% 12.5%

The Key Debt Ratios is based on reported figures

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updated
26 March 2020 - 11:13 CET