VCES's net debt reached CZK 68.4 mil and accounted for 0.300 of equity at the end of 2014. The ratio is down 72.8% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 1.25 in 2007 and an all time low of -0.509 in 2005.
When compared to EBITDA, net debt amounted to -1.42x at the end of the year. The ratio reached an all time high of 15.2 in 2013 and an all time low of -3.27 in 2007.
As far as VCES's peers are concerned, Skanska Czech Republic posted net debt to equity of 0.125x and 1.69x when compared to EBITDA at the end of 2014. Metrostav ended the year 2014 with a net debt at -0.762x of equity and -5.33x when compared to its EBITDA while Metrostav had net debt at -0.762x of equity and -5.33x to EBITDA at the end of the year.