CET 21 spol's net debt reached CZK 5,503 mil and accounted for 1.26 of equity at the end of 2015. The ratio is down 12.2% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 4.76 in 2012 and an all time low of 1.20 in 2009.
When compared to EBITDA, net debt amounted to 2.72x at the end of the year. The ratio reached an all time high of 5.91 in 2010 and an all time low of -10.6 in 2013.
As far as CET 21 spol's peers are concerned, Mafra posted net debt to equity of -0.120x and -0.735x when compared to EBITDA at the end of 2015. Czech News Center ended the year 2015 with a net debt at 1.37x of equity and 8.26x when compared to its EBITDA while Czech News Center had net debt at 1.37x of equity and 8.26x to EBITDA at the end of the year.