2021 EBIT Equity Net Debt 
Andrew Stolz
FEBRUARY 7, 2022
In July 2021, the stock price faced a sharp drop by more than 30%. The company has almost no long-term debt, thought is does have short term debt, leading to a negative net debt-to-equity ratio of 0.7x. EBIT margin on a slightly lower level given an increase of low-cost manufacturers.
Andrew Stolz
JANUARY 17, 2022
Since 2021, Volvo Car is a separate listed entity under majority control of Geely. Net assets have fallen in 2020 after selling UD truck segment to Isuzu Motors. However, increased CAPEX for capacity expansion and battery development lead to increase in net fixed assets again. In 2020, its net-debt to equity ratio stood at 0.9x.
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