Ukrhydroenergo passed 9 months with current liquidity ratio of 1.2

The PJSC Ukrhydroenergo over the first 9 months of 2020 finished with current liquidity ratio of 1.2, which translates that current assets cover by 120% of the company’s liabilities over the period. That was announced on December 15, 2020, by Natalia Mykolska, a member of the Supervisory Board of Ukrhydroenergo, on Channel 5.

“The current liquidity ratio is 1.2, which is a pretty good indicator. This gives us confidence that we can continue to move and to develop the company," Mykolska said.

The member of the Supervisory Board added that the EBITDA margin was 52%, i.e. the company generates 52 kopecks of profit before taxes, depreciation, and interest payments per UAH 1 of income.

As earlier reported by ExPro, the Ukrhydroenergo during Q1-Q3 of 2020 increased profits by 30.6%, up to UAH 2.9 billion. At the same time, net sales revenue increased by 1.8 times, up to UAH 9.528 billion, and gross profit increased by 2.1 times, up to UAH 5.963 billion. The number of dividends paid during January-September 2020 to the state amounted to UAH 966.8 million.

In March 2020, the General Director of the company Igor Syrota in an interview with Business Censor said that the current liquidity ratio should be at least 1.2, as provided by agreed with creditors of the Ukrhydroenergo (EBRD, European Investment Bank, World Bank, Oschadbank).

ExPro Reference: The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables. The normative indicator is in the range of 1-3.

The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) margin indicates the profitability and rate of return of the company before taxes, interest on loans, and depreciation, i.e. how much EBITDA is generated (profit before taxes, interest payments, depreciation) per 1 UAH of revenue.

16:40 / 15 December 2020

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