Leverage Policy
For an industrial holding company like Investor it is important to have a balance sheet that enables doing investments at the right time. Leverage is used as a bridge through different cycles and will therefore vary between zero and the roof of 25 percent.
Leverage policy
Taken into account the current tax situation, the risk profile in the portfolio as well as considerations by the rating institutes and debt capital markets, Investor has decided that the leverage (defined as net debt in relations to total assets) should not exceed 25 percent over longer periods of time.
Investor guarantees SEK 4.2 bn. of 3 Scandinavia’s external debt. For all other Operating Investments, debt financing is arranged on an independent ring-fenced basis, without guarantees from Investor. No debt financing or guarantees are included in Investor’s net debt.
Information updated 2010-09-30 09:06:23