AB InBev also surprises by announcing that there will be no interim dividend. For example, AB InBev keeps EUR 1.6 billion in cash. This is important to keep the debt mountain under control, now that the pandemic is hitting cash flow. Former CFO Felipe Dutra himself was foresight by pushing debt repayments far into the future via ‘the mother of all debt rescheduling’ in early 2019.
“While our business is delivering better results, we continue to face uncertainty and volatility caused by the Covid-19 pandemic,” the company argues for the decision. “This is consistent with our financial discipline and prioritizes our deleveraging commitments.”
AB InBev does not say how high the debt and the ratio are now. In June, debt fell from $ 100 to $ 87 billion. That was 4.86 times the gross operating profit at the time. In the third quarter, AB InBev paid off $ 11.4 billion in debt.
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