EUR millionQ2 2021 Q2 2020
Interest-bearing net debt145.3289.5
Equity ratio, %56%49%
Net gearing, %19%38%
Cash flow from operating activities before financial items and taxes46.755.8

In addition to outstanding loans, Fiskars Group had EUR 300 million of unutilized long-term committed credit facilities and a commercial paper program of EUR 400 million with Nordic banks.