Gordic's net debt reached CZK -351 mil and accounted for -1.04 of equity at the end of 2015. The ratio is down 8.25% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of -0.962 in 2014 and an all time low of -1.79 in 2009.
When compared to EBITDA, net debt amounted to -5.46x at the end of the year. The ratio reached an all time high of -3.93 in 2010 and an all time low of -12.6 in 2005.
As far as Gordic's peers are concerned, SAP Czech Republic posted net debt to equity of -0.523x and -1.29x when compared to EBITDA at the end of 2015..