Mitas's net debt reached CZK -0.225 mil and accounted for < -0.001 of equity at the end of 2015. The ratio is up 81.6% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.993 in 2004 and an all time low of < -0.001 in 2014.
When compared to EBITDA, net debt amounted to < -0.001x at the end of the year. The ratio reached an all time high of 4.53 in 2004 and an all time low of < -0.001 in 2014.
As far as Mitas's peers are concerned, Automotive Lighting posted net debt to equity of -0.005x and -0.009x when compared to EBITDA at the end of 2015. Continental Automotive Czech Republic ended the year 2015 with a net debt at 2.20x of equity and 3.58x when compared to its EBITDA while Continental Automotive Czech Republic had net debt at 2.20x of equity and 3.58x to EBITDA at the end of the year.