SPOLANA's net debt reached CZK 1,158 mil and accounted for -0.917 of equity at the end of 2014. The ratio is up 28.3% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 2.66 in 2010 and an all time low of -9.94 in 2012.
When compared to EBITDA, net debt amounted to -1.22x at the end of the year. The ratio reached an all time high of 11.4 in 2012 and an all time low of -10.7 in 2009.
As far as SPOLANA's peers are concerned, Synthos Kralupy posted net debt to equity of 3.42x and 2.84x when compared to EBITDA at the end of 2014. Grupa Azoty ended the year 2014 with a net debt at 0.066x of equity and 0.520x when compared to its EBITDA while Grupa Azoty had net debt at 0.066x of equity and 0.520x to EBITDA at the end of the year.