Statistical Press Release – Statistics on corporations in the Central Balance Sheet Database – 3rd quarter of 2019
In the third quarter of 2019 return on assets (EBITDA2 / assets) of non-financial corporations stood at 7.6%, very close to the previous quarter (7.7%). Profitability increased by 0.2 percentage points (p.p.) in electricity and 0.1 p.p. in construction, trade and transportation and storage and remained unchanged in other services. The head offices and manufacturing sectors decreased by 1.4 p.p. and 0.3 p.p. respectively.
The capital ratio (equity / total assets) stood at 38.4%, which corresponds to an increase of 0.8 p.p. from the end of 2018 (Chart 1). This increase was broadly based across all sectors of activity, including public corporations3. The share of obtained funding in total assets declined by 0.4 p.p., standing at 33.6% in the third quarter of 2019.
The cost of financial debt (financing expenses / obtained funding) stood at 3.2%, unchanged from the previous quarter and 0.1 p.p. lower than in the same quarter of the previous year (Chart 2).
The financing expenses coverage ratio (EBITDA / financing expenses) stood at 7.0, which represents a decrease of 0.1. from the previous quarter and a 0.1 increase from the same period of the previous year (Chart 2).
Next update: 16 Apr. 2020
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.
3 Public corporations not included in the general government sector.