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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.

  2018 2019 2020
Net financial debt 11,548 11,923 12,887
Shareholders' equity
(including minority interests)
5,985 6,258 6,472
Net invested capital 17,533 18,181 19,359
Net cash flow from operating activities 1,826 1,486 1,597
Net financial debt/Net invested capital 66.0% 65.6% 66.6%
Net financial debt/Shareholders' equity 1.9x 1.9x 2.0x
Net cash flow from operating activities/Net financial debt 15.8% 12.5% 12.4%

The Key Debt Ratios is based on reported figures

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updated
07 April 2021 - 12:51 CEST