Tauron Polska Energia's net debt stood at PLN 7,739 mil and accounted for 0.482 of equity at the end of 2015. The ratio is up 0.112 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 0.482 in 2015 and a low of 0.001 in 2010 between 2007 and 2015. The average for the last five years was 0.333%.
Net debt to EBITDA was calculated at -113x at the end of the year. That is down from 0.007x seen in 2010. The ratio reached a high of 1.84x in 2014 and a low of -113x in 2015.
The company’s cost of funding amounted to 3.41% in 2015, down which is above the 5-year of 4.55%. Funding costs have “eaten” some 14.6% of the operating profit generated in 2019.