This site uses cookies to store information on your computer. Learn more x

                                        Glossary

                                        C

                                        Capital employed

                                        the total of the book value of intangible and tangible fixed assets plus inventories and receivables minus non-interest-bearing liabilities

                                        Capital expenditure

                                        this includes all investments in tangible and intangible fixed assets as well as the acquisitions of participating interests (including goodwill paid) and other securities

                                        Back to top ^


                                        D

                                        Divestments

                                        this includes the divestment of tangible and intangible fixed assets as well as the sale of participating interests and other securities

                                        Back to top ^


                                        E

                                        EBIT

                                        earnings before interest and tax (Operating Result)

                                        EBITA

                                        earnings before interest, tax and amortization

                                        EBITDA

                                        earnings before interest, tax, depreciation and amortization

                                        Back to top ^


                                        G

                                        Gearing

                                        net debt / group equity

                                        Group equity

                                        shareholders’ equity plus minority interests

                                        Back to top ^


                                        I

                                        Interest coverage

                                        EBIT / financial income and expense

                                        Back to top ^


                                        N

                                        Net debt

                                        interest-bearing liabilities minus cash

                                        Back to top ^


                                        R

                                        Return on capital employed (ROI)

                                        operating result / average capital employed

                                        Return on equity (ROE)

                                        profit on ordinary activities after taxation as a percentage of the average shareholders’ equity

                                        Back to top ^


                                        S

                                        Solvency ratio

                                        group equity / balance-sheet total

                                        Back to top ^


                                        T

                                        Total shareholder return (TSR)

                                        capital gain plus dividends

                                        Back to top ^


                                        W

                                        WACC

                                        Weighted Average Cost of Capital = (group equity / operating capital) * Re + (interest-bearing liabilities / operating capital) * Rd + (provisions / operating capital) * Rd Re = after-tax cost of equity Rd = after-tax cost of debt

                                        Back to top ^


                                        吉林快三开奖走势图