Based on a comparison of 8 firms among PX Index, Kofola had the biggest debt relative to its equity at the end of 2017 followed by CEZ and O2 Czech Republic.
Kofola net debt reached CZK 2,205 mil. and accounted for 112% of equity at the end of 2017. The ratio is up 153% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 112% in 2017 and an all time low of 28.8% in 2014.
When compared to EBITDA, net debt amounted to 2.57x at the end of the year. The ratio reached an all time high of 3.59x in 2010 and an all time low of -20.8x in 2013.
Comparing Kofola with its closest peers, CEZ posted net debt to equity of 54.9% and 2.54x when compared to EBITDA at the end of 2017. O2 Czech Republic ended the year 2016 with a net debt at 41.3% of equity and 0.609x when compared to its EBITDA while Stock Spirits Group had net debt at 14.9% of equity and 0.965x to EBITDA at the end of the year.
|Central European Media Enterprises||%||112||171||196||300||1,098|
|Philip Morris Czech Republic||%||-71.2||-63.5||-65.5||-57.9||-93.8|
|O2 Czech Republic||%||-5.64||-0.021||-1.59||6.92||5.51|
|Stock Spirits Group||%||122||21.9||12.5||22.4||15.5|