Status Report

Financial Position

 

In 2019, total assets and liabilities of the Group increased by CHF 1,947 million to CHF 9,825 million compared to 2018. The amount of cash and cash equivalents increased by CHF 411 million. For details of changes in the Balance Sheet and Cash Flow Statement, please refer to the Consolidated Financial Statements.

Trade receivables amounting to CHF 3,601 million represent the most significant asset of the Kuehne+Nagel Group. The days of trade receivables outstanding decreased by December 2019 to 52.5 days compared to 54.2 of December 2018.

As of December 31, 2019, the equity of the Group remained largely unchanged at CHF 2,322 million compared to CHF 2,324 million as of December 31, 2018, which represents an equity ratio of 23.6 per cent (2018: 29.5 per cent).

Developments of other key financial indicators on capital structure are shown in the following table:
 

Kuehne+Nagel Group key figures on capital structure
Key figures on capital structure 2019 2018 2017 2016 2015
1 Equity ratio (in per cent) * 23.6 29.5 31.2 34.2 34.9
2 Return on equity (in per cent) 33.6 32.4 32.1 32.8 28.7
3 Debt ratio (in per cent) * 76.4 70.5 68.8 65.8 65.1
4 Short-term ratio of indebtedness (in per cent) * 50.1 61.9 60.5 55.7 55.3
5 Intensity of long-term indebtedness (in per cent) * 26.2 8.6 8.3 10.1 9.9
6 Fixed assets coverage ratio (in per cent) 106.0 107.4 120.5 126.9 122.2
7 Working capital (in CHF million) 275 208 502 595 496
8 Receivables terms (in days) 52.5 54.2 53.9 46.6 44.4
9 Vendor terms (in days) 63.7 61.5 69.0 60.2 55.1
10 Intensity of capital expenditure (in per cent) * 47.0 35.5 32.8 34.9 36.6

  *  Prior year figures have not been restated for the impact of IFRS 16 Leases.

  1  Total equity in relation to total assets at the end of the year.
  2  Net earnings for the year in relation to share capital plus reserves plus retained earnings as of January 1 of the current year minus dividend paid during the current year as of the date of distribution plus capital increase (incl. share premium) as of the date of payment.
  3  Total liabilities minus equity in relation to total assets.
  4  Short-term liabilities in relation to total assets.
  5  Long-term liabilities in relation to total assets.
  6  Total equity (including non-controlling interests) plus long-term liabilities in relation to non-current assets.
  7  Total current assets minus current liabilities.
  8  Turnover in relation to receivables outstanding at the end of the current year.
  9  Expenses for services from third parties in relation to trade liabilities/accrued trade expenses at the end of the current year.
10  Non-current assets in relation to total assets.

 

 

 


Assets
Liabilities