PGE's net debt reached PLN 5,161 mil and accounted for 0.128 of equity at the end of 2015. The ratio is up 628% when compared to the previous year.
Historically, the firm’s net debt to equity reached an all time high of 0.178 in 2008 and an all time low of -0.069 in 2009.
When compared to EBITDA, net debt amounted to 0.625x at the end of the year. The ratio reached an all time high of 0.942 in 2008 and an all time low of -0.325 in 2009.
As far as PGE's peers are concerned, ENEA posted net debt to equity of 0.325x and 10.4x when compared to EBITDA at the end of 2015. Tauron Polska Energia ended the year 2015 with a net debt at 0.482x of equity and -113x when compared to its EBITDA while Tauron Polska Energia had net debt at 0.482x of equity and -113x to EBITDA at the end of the year.