Investor Presentaiton
Key Financial Targets until end of reform in 2025
Ratios
Real net financial debt ratio to
normalized EBITDA
Total debt to total assets ratio
(leverage)
International rating
2025
4.3
Mid-target of 4.6 in 2023
65%
At least 'BBB'
2023 Maximum NIS
34 billion
חברת החשמל
Israel Electric
As of 06/30/2022
4.2
68%
+BBB
Real net financial debt
Liquidity (safety cushion)
2025 Maximum NIS
31 billion
NIS 33.6 billion
Subject to meet the financial
targets listed above regarding
debt ratios
Minimum NIS 3 billion Composed of
balance of cash and short-term
deposits will be no less than NIS 1.5
billion and unused secured credit
lines valid for a period exceeding
one year up to NIS 1.5 billion.
The Company complies with
the objective
Source: IEC's Financial Statements for H1.2022
Note: The financial targets approved by the Board of Directors On December 14-16, 2021 until the end of the reform period by the year 2025.
Investor Relations
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