5.1 Net debt and free cash flow
Rieter uses net debt and free cash flow as alternative performance measures. Net debt is calculated as follows:
CHF million | December 31, 2023 | December 31, 2024 |
|---|---|---|
Cash and cash equivalents | 135.6 | 103.2 |
Marketable securities and time deposits | 0.3 | 0.2 |
Current financial debt | – 198.1 | – 104.9 |
Non-current financial debt | – 129.0 | – 228.8 |
Net debt | – 191.2 | – 230.3 |
Lease liabilities1 | 35.8 | 62.0 |
Net debt (without lease liabilities) | – 155.4 | – 168.3 |
Free cash flow consists of:
CHF million | 2023 | 2024 |
|---|---|---|
Cash flow from operating activities | 69.3 | 36.3 |
Cash flow from investing activities | 49.4 | – 21.1 |
Less cash flow from acquisition of subsidiaries1 | – | – 1.1 |
Free cash flow | 118.7 | 14.1 |
1See note 2.1.