Credit Metrics

FY17FY18FY19FY20FY21FY22
Gross Debt (reported – inclusive of fair value adjustments) A$m388.6404.5757.4883.9768.0901.9
Cash and cash equivalentA$m166.7137.3223.5327.5264.7348.5
Net DebtA$m221.9267.3533.9556.4503.3553.4
 
EquityA$m630.1774.81,411.61,399.81,298.11,322.4
Net Gearing%26%26%27%28%28%30%
 
EBITDAA$m135.8177.4415.7 ¹443.8380.0426.4
Net Leveragex1.6x1.5x1.3x1.3x1.3x1.3x
 
Net InterestA$m29.028.848.0 ¹52.154.254.7
Interest coverx4.7x6.2x8.7x8.5x7.0x7.8x

¹ Figures are proforma underlying figures which include 100% of Barminco and AUMS, exclude amortisation and any non-underlying items. Please refer to FY19 Investor Presentation lodged with the ASX on 29 August 2019.

¹ Figures are proforma underlying figures which include 100% of Barminco and AUMS, exclude amortisation and any non-underlying items. Please refer to FY19 Investor Presentation lodged with the ASX on 29 August 2019.

Credit Metrics • Net Leverage
Credit Metrics • interest cover 2