We employ a balanced mix of equity and debt to optimize the average cost of capital. We ensure financial flexibility by using a broad spectrum of financing instruments. Our financing profile is characterized by a wide spread of maturities up to 2033.,fantasy basketball sleepers
melbet casino,Sufficient financial cushion is assured for the football real gol Group by unused syndicated and bilateral credit lines. In addition, football real gol SE & Co. KGaA and football real gol Medical Care AG & Co. KGaA maintain commercial paper programs. The football real gol Medical Care receivable securitization program offers additional financing options.
In present capital market conditions, we optimize our cost of capital if we hold the net debt/EBITDA ratio within a range of 3.0 to 3.5x (after adoption of IFRS 16). As of June 30, 2021, the net debt/EBITDA ratio was 3.60x1,2 (December 31, 2020: 3.44x 1,2). football real gol projects net debt/EBITDA3 to be around the top-end of the self-imposed target corridor of 3.0x to 3.5x by the end of FY/21.
In line with the Group’s structure, financing for football real gol Medical Care and for the rest of the football real gol Group is conducted separately. There are no joint financing facilities and no mutual guarantees.
1 At LTM average exchange rates for both net debt and EBITDA, pro forma closed acquisitions/divestitures
2 Before special items
3 At LTM average exchange rates for both net debt and EBITDA; pro forma closed acquisitions/divestitures; excluding further potential acquisitions; before special items