Elisa has strong reliable cash flow and an efficient balance sheet structure.
Elisa has centralised its debt issuance in the parent company, which takes care of the funding for the subsidiaries. The centralised treasury manages the financing activities and debt portfolio to ensure optimum financing arrangements, minimising financial expences and refinancing risk, and proving liquidity for all group companies.
Keeping Elisa's current investment-grade credit ratings is an important part of financing strategy. Elisa's financial policy on leverage is to maintain a net debt to EBITDA ratio of between 1.5– 2.0× and an equity ratio > 35%.