The aim of the capital management strategy of METRO is to secure the company’s business operations to continue, to increase the value of the company, to create solid capital resources to finance future growth and to provide for attractive dividend payments and capital service.
The capital management strategy of METRO has remained unchanged compared with the previous year.
Equity, liabilities and net debt in the consolidated financial statements
The total equity before non-controlling interests amounts to €2,344 million (30/9/2021: €1,826 million), while liabilities amount to €10,490 million (30/9/2021: €10,972 million). Net debt decreased by €186 million and amounts to €3,281 million (30/9/2021: €3,466 million).
€ million |
30/9/2021 |
30/9/2022 |
||
|---|---|---|---|---|
Equity before non-controlling interests |
1,826 |
2,344 |
||
Liabilities |
10,972 |
10,490 |
||
Net debt |
3,466 |
3,281 |
||
Financial liabilities (incl. liabilities from leases) |
4,954 |
4,124 |
||
Cash and cash equivalents |
1,474 |
825 |
||
Short-term financial investments1 |
13 |
19 |
||
|
||||
Local capital requirements
The capital management strategy of METRO consistently aims to ensure that the group companies’ capital resources meet the local requirements. During financial year 2021/22, all external capital requirements were met. This includes, for example, adherence to a defined level of indebtedness and a fixed equity ratio.