Who Was the Most Indebted Among Czech Breweries in 2017?

Top Companies by Net Debt/Equity (%)
Food & Drink | Czech Republic | February 24, 2019
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Excel Sheet

Based on a comparison of 10 firms among Czech Breweries, Heineken Czech Republic had the biggest debt relative to its equity at the end of 2017 followed by Plzensky Prazdroj and Pivovary Staropramen.

Heineken Czech Republic net debt reached CZK 1,090 mil. and accounted for 132% of equity at the end of 2017. The ratio is down 0% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 196% in 2013 and an all time low of 7.68% in 2008.

When compared to EBITDA, net debt amounted to 2.01x at the end of the year. The ratio reached an all time high of 4.01x in 2013 and an all time low of 0.265x in 2006.

Comparing Heineken Czech Republic with its closest peers, Plzensky Prazdroj posted net debt to equity of 110% and 1.08x when compared to EBITDA at the end of 2017. Pivovary Staropramen ended the year 2016 with a net debt at 83.7% of equity and 4.52x when compared to its EBITDA while Pivovary Lobkowicz had net debt at 43.5% of equity and -21.8x to EBITDA at the end of the year.

You can see all the companies net debt/equity data on the Net Debt/Equity indicator page or you can download a special statistical dossier on the Czech Breweries in the reports section.

Net Debt/Equity Unit 2010 2011 2012 2013 2014 2015 2016 2017
Plzensky Prazdroj % 26.8% 130% 71.9% 72.3% 79.7%
Budejovicky Budvar % -46.0% -46.5% -48.8% -47.8% -24.2%
Heineken Czech Republic % 104% 89.3% 196% 130% 130% ...
Rodinny pivovar BERNARD % -21.9% -34.6% -29.2% -21.2% -14.7%
Pivovar Svijany % 3,926% 107% 38.7% 3.82% -0.539% ...
Pivovar Litovel % 0.542% -1.18% -0.649% 0.403% -3.01%
Pivovar Zubr % 13.2% 1.57% 3.73% 14.5% 10.9% ...
Pivovar Holba % -6.71% -2.77% -3.15% 5.49% 1.08% ...
Pivovary Staropramen % ... ... ... 137% 166% 77.4% ...
Pivovary Lobkowicz % -399% -449% -220% 17.5% 16.7% ...
AVERAGE % -74.3% 400% -22.9% 14.6% 34.0% 27.4% 30.7% 18.5%