CEZ's net debt reached CZK 164,039 mil and accounted for 0.617 of equity at the end of 2014. The ratio is down 6.83% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.717 in 2011 and an all time low of 0.058 in 2006.
When compared to EBITDA, net debt amounted to 2.54x at the end of the year. The ratio reached an all time high of 2.75 in 1999 and an all time low of 0.184 in 2006.
As far as CEZ's peers are concerned, EVN posted net debt to equity of 0.655x and 9.36x when compared to EBITDA at the end of 2014. Verbund ended the year 2014 with a net debt at 0.694x of equity and 4.49x when compared to its EBITDA while Verbund had net debt at 0.694x of equity and 4.49x to EBITDA at the end of the year.