PKN's net debt reached PLN 7,092 mil and accounted for 0.293 of equity at the end of 2015. The ratio is down 12.9% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.618 in 2008 and an all time low of 0.137 in 2004.
When compared to EBITDA, net debt amounted to 1.14x at the end of the year. The ratio reached an all time high of 3.91 in 2008 and an all time low of -2.52 in 2014.
As far as PKN's peers are concerned, MOL posted net debt to equity of 0.259x and 0.729x when compared to EBITDA at the end of 2015. OMV Petrom ended the year 2015 with a net debt at 0.377x of equity and 1.55x when compared to its EBITDA while OMV Petrom had net debt at 0.377x of equity and 1.55x to EBITDA at the end of the year.