To estimate the Funds From Operations (FFO) / Net Debt ratio for Redeia Corporación S.A. for the year 2022 (reporting period 2022-01-01 to 2023-01-01), we follow these steps: **1. Estimate FFO:** FFO is typically calculated as Net Profit plus Depreciation and Amortization. * Profit/Loss (2022): 681,187,000 EUR * Depreciation and Amortisation Expense (2022): 544,992,000 EUR * FFO = 681,187,000 + 544,992,000 = 1,226,179,000 EUR **2. Calculate Net Debt:** Net Debt is calculated as Total Financial Liabilities (Current + Noncurrent) minus Cash and Cash Equivalents. * Noncurrent Financial Liabilities: 5,543,755,000 EUR * Current Financial Liabilities: 1,705,277,000 EUR * Total Financial Liabilities: 5,543,755,000 + 1,705,277,000 = 7,249,032,000 EUR * Cash and Cash Equivalents: 794,824,000 EUR * Net Debt = 7,249,032,000 - 794,824,000 = 6,454,208,000 EUR **3. Calculate FFO / Net Debt Ratio:** * Ratio = 1,226,179,000 / 6,454,208,000 ≈ 0.18998 Rounding to standard financial presentation practices, we provide the result. 0.19