AAK Annual Report 2020

AAK Annual Report 2020 113 Alternative performance measures (APM) Net debt/EBITDA SEK million 2020 2019 Net debt 2,738 3,117 EBITDA 2,922 2,829 Net debt/EBITDA, multiple 0.94 1.10 Equity to assets ratio SEK million 2020 2019 Shareholders’ equity 9,699 10,337 Non-controlling interests 39 84 Total equity including non-controlling interests 9,738 10,421 Total assets 22,064 22,919 Equity to assets ratio, % 44.1 45.5