Alternative performance measures (APM)
Net working capital
SEK million 2019 2018
Inventory 6,681 4,705
Accounts receivables 3,529 3,441
Other current receivables, non-interest-bearing 2,261 1,574
Accounts payables -3,354 -2,685
Other current liabilities, non-interest-bearing -3,209 -1,973
Working capital 5,908 5,062
Net debt
SEK million
Current interest-bearing receivables 11 20
Cash and cash equivalents 982 737
Pension liabilities -241 -205
Non-current liabilities to banks and credit institutions -2,987 -2,551
Current liabilities to banks and credit institutions -870 -661
Other interest-bearing liabilities -12 -7
Net debt -3,117 -2,667
Net debt/EBITDA
SEK million
Net debt 3,117 2,667
EBITDA (Rolling 12 months) 2,829 2,508
Net debt/EBITDA, multiple 1.10 1.06
Equity to assets ratio
SEK million
Shareholders’ equity 10,337 8,908
Non-controlling interests 84 88
Total equity including non-controlling interests 10,421 8,996
Total assets 22,919 18,035
Equity to assets ratio, % 45.5 49.9
110