5.1Net debt/liquidity and free cash flow
Rieter uses net debt and liquidity and free cash flow as alternative performance measures. Net debt and liquidity is calculated as follows:
CHF million | December 31, 2024 | December 31, 2025 |
|---|---|---|
Cash and cash equivalents | 103.2 | 453.6 |
Marketable securities and time deposits | 0.2 | 0.2 |
Current financial debt | – 104.9 | – 45.2 |
Non-current financial debt | – 228.8 | – 224.3 |
Net debt (-)/net liquidity (+) | – 230.3 | 184.3 |
Lease liabilities1 | 62.0 | 58.7 |
Net debt (-)/net liquidity (+) (without lease liabilities) | – 168.3 | 243.0 |
Free cash flow consists of:
CHF million | 2024 | 2025 |
|---|---|---|
Cash flow from operating activities | 36.3 | – 50.3 |
Cash flow from investing activities | – 21.1 | 11.5 |
Less cash flow from acquisition/divestment of subsidiaries1 | – 1.1 | – 1.8 |
Free cash flow | 14.1 | – 40.6 |
1See note 2.1.