TVN's net debt reached PLN 2,032 mil and accounted for 2.10 of equity at the end of 2014. The ratio is down 5.39% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 8.32 in 2003 and an all time low of -8.81 in 2001.
When compared to EBITDA, net debt amounted to 3.82x at the end of the year. The ratio reached an all time high of 14.1 in 2013 and an all time low of 1.04 in 2002.
As far as TVN's peers are concerned, Central European Media Enterprises posted net debt to equity of 3.03x and 10.1x when compared to EBITDA at the end of 2014. FTV Prima ended the year 2014 with a net debt at 0.842x of equity and 1.07x when compared to its EBITDA while FTV Prima had net debt at 0.842x of equity and 1.07x to EBITDA at the end of the year.