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
2025
4.3
Mid-target of 4.6 in 2023
65%
חברת החשמל
Israel Electric
As of 09/30/2022
4.1
(leverage)
International rating
67%
At least 'BBB'
+BBB
2023 Maximum NIS
34 billion
2025 - Maximum NIS
NIS 34.8 billion
Real net financial debt
Liquidity (safety cushion)
31 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
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.
Source: IEC's Financial Statements for 9M.2022
Investor Relations
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