KEY FINANCIAL INDICATORS
The following table illustrates some key financial ratios, on a consolidated basis:
| Key Financial Indicators | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Debt / Equity | 18.61 | 12.16 | 9.84 | 5.95 | 6.53 |
| Debt / (Equity + Liabilities) | 0.95 | 0.92 | 0.91 | 0.86 | 0.87 |
| Net Debt / EBITDA | 7.76 | 8.21 | 7.48 | 5.09 | 4.51 |
| Interest Cover (EBITDA / Net Financing Cost) | 2.16 | 2.57 | 2.29 | 2.81 | 2.92 |
| Current Ratio | 1.13 | 1.12 | 0.03 | 0.03 | 0.01 |
| Quick Ratio | 1.05 | 1.05 | 1.06 | 1.33 | 1.23 |
| Gross Profit Margin | 7.4% | 11.5% | 5.3% | 5.2% | 8.1% |
| EBITDA Margin | 10.1% | 13.5 | 8.6% | 14.5% | 13.4% |
| EBIT Margin | 2.7% | 6.8% | 3.8% | 9.8% | 8.3% |
| Pretax Margin | -2.0% | 1.5% | 0.0% | 4.6% | 3.7% |
| Net Margin | -7.5% | 1.2% | -2.4% | 9.5% | 2.3% |
| (avg) Return on Equity | -51.7% | 6.7% | -13.9% | 28.7% | 7.7% |
| (avg) Return on Assets | -3.2% | 0.4% | -1.2% | 3.4% | 0.9% |