Grupa Lotos's net debt reached PLN 5,467 mil and accounted for 0.709 of equity at the end of 2015. The ratio is up 15.8% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.926 in 2011 and an all time low of -0.077 in 2005.
When compared to EBITDA, net debt amounted to 4.80x at the end of the year. The ratio reached an all time high of 14.1 in 2008 and an all time low of -8.65 in 2014.
As far as Grupa Lotos's peers are concerned, PKN posted net debt to equity of 0.293x and 1.14x when compared to EBITDA at the end of 2015. MOL ended the year 2015 with a net debt at 0.259x of equity and 0.729x when compared to its EBITDA while MOL had net debt at 0.259x of equity and 0.729x to EBITDA at the end of the year.