Statistical Press Release – Statistics on corporations in the Central Balance Sheet Database – 3rd quarter of 2018
In the third quarter of 2018, gross return on assets (EBITDA2/ total assets) of non-financial corporations stood at 8.1%, up by 0.2 percentage points (pp) from the previous quarter. Profitability increased in head offices (0.8 pp), transportation (0.2 pp), industry (0.1 pp), commerce (0.1 pp) and other services (0.1 pp). By contrast, the electricity and construction sectors posted a 0.1 pp decrease.
The capital ratio (equity / total assets) stood at 37.9%, which corresponds to a 1.6 pp increase from the end of 2017 (Chart 1). The share of obtained funding in total assets decreased by 1.4 pp in the same period, to stand at 34.2% in the third quarter of the year.
The cost of debt (interest expenses/obtained funding) was 2.9%, unchanged from the previous quarter and 0.2 pp below that seen in the same quarter of the previous year (Chart 2).
The interest rate coverage ratio (EBITDA/interest expenses) stood at 8.0, which represents an increase of 0.4 from the previous quarter and of 1.5 from the same quarter in the previous year (Chart 2).
Next update: 17 Apr. 2019
(1) The compilation of the quarterly indicators is based on: (i) for balance sheet variables, average values for the year ending in the quarter; (ii) for profit and loss account variables, values for the year ending in the quarter. The structure of funding is based on end-of-quarter values.
(2) Earnings before interest, taxes, depreciation and amortisation.