Debt Overview

Debt Overview

Policy
Committed confirmed credit facilities with a term of at least 12 months must be in an amount equivalent to the Group’s gross debt plus a liquidity reserve corresponding to at least 3 percent of consolidated net sales. Trelleborg’s debt/equity ratio target interval is between 50 and 100 percent.

Monitoring
The Group monitors its liquidity reserve, debt maturity term structure and key capital structure ratios on an ongoing basis. The debt/equity ratio, excluding the impact of leases recognized in accordance with IFRS 16 and pension liabilities, was 41 percent (33) at year-end 2019.
Including these items, the debt/equity ratio was 51 percent (35).