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DEBT AND FINANCING

In this section you can find information on Nokian Tyres’ financial position. Nokian Tyres has not issued any bonds, and company currently has no credit ranking.?

May 21, 2019: Nokian Tyres signed EUR 100 million loan agreement – terms are linked to sustainability targets. Read more.
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Financial position?

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June 30, 2019

June 30,
2018

December 31,?2018

Cash and cash equivalents, M€

109.3

234.0

447.5

Interest-bearing financial liabilities, M€

361.3

134.4

132.3

? ? of which current interest-bearing financial liabilities, M€

116.1

124.8

126.0

Interest-bearing net debt, M€

252.0

-99.6

-315.2

Unused credit limits*, M€

458.7

558.7

558.8

? ? of which committed, M€

205.5

205.5

205.5

Gearing ratio, %

15.7%

-7.2%

-21.2%

Equity ratio, %

70.5%

70.5%

71.0%

* The current credit limits and the commercial paper program are used to finance inventories, trade receivables, and subsidiaries in distribution chains, thereby controlling the typical seasonality in the Group’s cash flow.

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March 31, 2019

March 31, 2018

December 31, 2018

Cash and cash equivalents, M€

321.4

309.0

447.5

Interest-bearing financial liabilities, M€

266.6

134.9

132.3

????? of which current interest-bearing financial liabilities, M€

140.6

0.9

126.0

Interest-bearing net debt, M€

-54.9

-174.1

-315.2

Unused credit limits*, M€

558.8

508.8

558.8

????? of which committed, M€

205.5

155.5

205.5

Gearing ratio, %

-3.2%

-11.6%

-21.2%

Equity ratio, %

75.7%

79.1%

71.0%

* The current credit limits and the commercial paper program are used to finance inventories, trade receivables, and subsidiaries in distribution chains, thereby controlling the typical seasonality in the Group’s cash flow.

Contractual maturities of financial liabilities

?? 31.12.2018

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Carrying?amount

Contractual maturities*
EUR million 2019 2020 2021 2022 2023 2024- Total
Non-derivative financial liabilities ? ? ? ? ? ? ? ?
? Loans from financial institutions and pension loans ? ? ? ? ? ? ? ?
??? Fixed rate loans 7.0 -0.8 -0.8 -0.7 -0.7 -1.2 -3.7 -7.9
??? Floating rate loans 125.4 -126.6 0.0 0.0 0.0 0.0 0.0 -126.6
? Trade and other payables 111.0 -111.0 0.0 0.0 0.0 0.0 0.0 -111.0
* The figures are undiscounted and include both the finance charges and the repayments.????????

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