A solid balance sheet (€ millions)
This graph shows a solid balance sheet. (€ millions)
Assets
Total assets and liabilities
2020 : €43,606.9 M
2021 : €43,013.4 M
2022 : €46,844.2 M
Non-current assets
2020 : €29,046.8 M
2021 : €30,937.6 M
2022 : €32,794.5 M
Current assets
2020 : €14,560.1 M
2021 : €12,075.8 M
2022 : €14,049.6 M
Including cash and cash equivalents
2020 : €6,405.9 M
2021 : €2,713.8 M
2022 : €6,405.9 M
Equity & Liabilities
Total assets and liabilities
2020 : €43,606.9 M
2021 : €43,013.4 M
2022 : €46,844.2 M
Shareholders’s Equity
2020 : €28,998.8 M
2021 : €23,592.6 M
2022 : €27,186.5 M
Non-current liabilities
2020 : €2,174.7 M
2021 : €1,579.5 M
2022 : €1,706.8 M
Debts
2020 : €2,546.5 M
2021 : €6,300.3 M
2022 : €5,650.9 M
Current Liabilities
2020 : €9,886.9 M
2021 : €11,541.0 M
2022 : €12,300.0 M
Net debt
| 31.12.2020 | 31.12.2021 | 31.12.2022 | |
|---|---|---|---|
| Net cash position = Net cash or net debt (€ millions)(1) | Net cash position = Net cash or net debt (€ millions) (1)31.12.2020+3,859.4 (2) |
Net cash position = Net cash or net debt (€ millions) (1)31.12.2021-3,586.4 (2) |
Net cash position = Net cash or net debt (€ millions) (1)31.12.2022-3,033.2 |
| Net debt ratio (Net financial position/Equity) | Net debt ratio (Net financial position/Equity) 31.12.2020n/a |
Net debt ratio (Net financial position/Equity) 31.12.202115.2% |
Net debt ratio (Net financial position/Equity) 31.12.202211% |
(1) Net cash or net debt = cash and cash equivalents – current and non–current financial debt.
(2) Including IFRS 16 lease debt for €2,035.9 million in 2019, €1,681.6 million in 2020, €1,670.3 million in 2021 and €1,620.5 million in 2022.
Short-term and long-term ratings
| Short-term rating | Long-term rating | |
|---|---|---|
 |
Short-term rating
A1+ SEPTEMBER 2022 |
Long-term ratingAA SEPTEMBER 2022 |
 |
Short-term rating
PRIME - 1 MARCH 2022 |
Long-term ratingAA1 MARCH 2022 |