| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017* | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Return on equity (ROE), % | 12.3 | -2.6 | 8.6 | 5.8 | 9.0 | 16.1 | 16.0 | 15.6 | 20.2 | 18.0 | 21.4 | 20.1 |
Net interest-bearing loan capital | 35 | 481 | 4 | 394 | 726 | 333 | 234 | 150 | 372 | 94 | 276 | 567 |
Gearing | 0.02 | 0.23 | 0.00 | 0.18 | 0.30 | 0.14 | 0.10 | 0.07 | 0.17 | 0.05 | 0.15 | 0.32 |
Solvency, % | 37.0 | 35.3 | 38.6 | 38.1 | 40.8 | 44.4 | 46.3 | 47.6 | 44.6 | 43.5 | 43.9 | 41.3 |
* Figures for 2017 have been restated due to the adoption of IFRS 15.
The information below is from the Financial Statements Bulletin 2023 published on 31 January 2024.
Wärtsilä had interest-bearing debt totalling EUR 858 million at the end of the year (949). The total amount of short-term debt maturing within the next 12 months was EUR 119 million. Long-term loans amounted to EUR 739 million.
Net interest-bearing debt totalled EUR 35 million (481). Gearing
was 0.02 (0.23), while the solvency ratio was 37.0% (35.3%).
Equity per share was EUR 3.78 (3.62).
Wärtsilä has not issued bonds to the market and thus has never had a company rating available or analyst coverage for debt instruments.
Interest bearing loan capital
| 2023 | 2022 | |
|---|---|---|
| Non-current liabilities | 515 | 517 |
| Current liabilities | 76 | 166 |
| Loan receivables | 1 | 1 |
| Cash and cash equivalents | 819 | 464 |
| Net | 35 | 481 |
