The companies in the SDax, MDax and Dax each have the highest level of debt measured in terms of equity.
(Photo: Imago (2), Getty Images)
Dusseldorf According to Handelsblatt calculations, the net financial debt of the more than 150 listed companies in the Dax, MDax and SDax increased by EUR 85 billion to EUR 533 billion within a year. That’s more than ever. This does not include banks and insurance companies, as their liabilities cannot be compared with those of other companies.
The interest rate turnaround by the central banks is causing the costs for new loans to rise drastically: according to Bundesbank statistics, corporate bonds are currently yielding an average annual interest rate of 4.3 percent. Just over a year ago it was 0.7 percent.
The trend has recently accelerated because investors expect rapidly rising interest rates in view of double-digit inflation rates. Next Thursday, the European Central Bank will decide on the next increase.
Deutsche Telekom is the leader when it comes to net debt
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue