Catena updates its finance policy
Catena is adding the net debt/EBITDA ratio key performance indicator to its existing finance policy.21 February 2023 at 15:30 CET
The new net debt/EBITDA ratio KPI describes the Group’s net debt in relation to the net operating income the Group generates minus cost for central administration. The aim is for this KPI to be maintained below nine times. In simple terms, the KPI shows how many years it takes to repay all loans if the accounts remain constant. Unlike the loan-to-value ratio KPI, which is more traditional in the property sector and measures the company’s indebtedness in