Polymer Group's net debt reached USD 1,304 mil and accounted for -54.8 of equity at the end of 2014. The ratio is down 1180% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 5.07 in 2013 and an all time low of -54.8 in 2014.
When compared to EBITDA, net debt amounted to 9.56x at the end of the year. The ratio reached an all time high of 14.3 in 2011 and an all time low of 2.73 in 2010.
As far as Polymer Group's peers are concerned, Avgol Nonwovens posted net debt to equity of 1.59x and 3.42x when compared to EBITDA at the end of 2014. Pegas Nonwovens ended the year 2014 with a net debt at 0.901x of equity and 3.01x when compared to its EBITDA while Pegas Nonwovens had net debt at 0.901x of equity and 3.01x to EBITDA at the end of the year.