KGHM's net debt reached PLN 6,554 mil and accounted for 0.321 of equity at the end of 2015. The ratio is up 89.1% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.635 in 2001 and an all time low of -0.549 in 2011.
When compared to EBITDA, net debt amounted to 4.14x at the end of the year. The ratio reached an all time high of 26.4 in 2001 and an all time low of -1.24 in 2011.
As far as KGHM's peers are concerned, Bogdanka posted net debt to equity of 0.218x and 8.62x when compared to EBITDA at the end of 2015. OKD ended the year 2015 with a net debt at 1.41x of equity and 0.209x when compared to its EBITDA while OKD had net debt at 1.41x of equity and 0.209x to EBITDA at the end of the year.