Central European Media Enterprises's net debt stood at USD 447 mil and accounted for 72.3% of equity at the end of 2Q2020. The ratio is down 37.6 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 732% in 3Q2016 and a low of -621% in 3Q1999 between 4Q1993 and 2Q2020. The average for the last five years was 319%.
Net debt to EBITDA was calculated at 2.04x at the end of the quarter. That is up from 6.10x seen in 2015-06-30. The ratio reached a high of 33.3x in 4Q2001 and a low of -34.2x in 3Q2014.
The company’s cost of funding amounted to 3.76% in 2Q2020, down which is above the 5-year of 8.41%. Funding costs have “eaten” some 13% of the operating profit generated in 2019.
|Net Debt/EBITDA||Unit||Sep 2018||Dec 2018||Mar 2019||Jun 2019||Sep 2019||Dec 2019||Mar 2020||Jun 2020|
|Central European Media Enterprises||3.20||2.79||2.53||2.26||2.47|