Provident Financial's net debt stood at GBP 1,620 mil and accounted for 2.33 of equity at the end of 2018. The ratio is down 1.16 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 3.48 in 2017 and a low of -0.164 in 1996 between 1990 and 2018. The average for the last five years was 2.42%.
Net debt to EBITDA was calculated at 7.65x at the end of the year. That is up from 4.12x seen in 2013. The ratio reached a high of 9.78x in 2017 and a low of -0.402x in 1996.
The company’s cost of funding amounted to 2.06% in 2018, down which is above the 5-year of 3.77%. Funding costs have “eaten” some 21.6% of the operating profit generated in 2019.
You can see all the company’s data at Provident Financial profile, or you can download a report on the company in the report section.
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