CEZ's net debt stood at CZK 90,112 mil and accounted for 35.8% of equity at the end of 2Q2020. The ratio is up 1.94 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 68.2% in 4Q2011 and a low of -1.12% in 3Q2018 between 4Q1993 and 2Q2020. The average for the last five years was 36.2%.
Net debt to EBITDA was calculated at 1.45x at the end of the quarter. That is up from 2.08x seen in 2015-06-30. The ratio reached a high of 2.75x in 4Q1999 and a low of -0.049x in 3Q2018.
The company’s cost of funding amounted to 3.32% in 2Q2020, down which is above the 5-year of 3.36%. Funding costs have “eaten” some 45.6% of the operating profit generated in 2019.
|Net Debt/EBITDA||Unit||Mar 2008||Jun 2008||Sep 2008||Dec 2008||Mar 2009||Jun 2009||Sep 2009||Dec 2009||Mar 2010||Jun 2010||Sep 2010||Dec 2010||Mar 2011||Jun 2011||Sep 2011||Dec 2011||Mar 2012||Jun 2012||Sep 2012||Dec 2012||Mar 2013||Jun 2013||Sep 2013||Dec 2013||Mar 2014||Jun 2014||Sep 2014||Dec 2014||Mar 2015||Jun 2015||Sep 2015||Dec 2015||Mar 2016||Jun 2016||Sep 2016||Dec 2016||Mar 2017||Jun 2017||Sep 2017||Dec 2017||Mar 2018||Jun 2018||Sep 2018||Dec 2018||Mar 2019||Jun 2019||Sep 2019||Dec 2019||Mar 2020||Jun 2020|