Who Was the Most Indebted Among PX Index in 2017?

Top Companies by Net Debt/Equity (%)
Czech Republic | February 25, 2019
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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.

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 PX Index in the reports section.

Net Debt/Equity Unit 2010 2011 2012 2013 2014 2015 2016 2017
Central European Media Enterprises % 112 171 196 300 1,098
CEZ % 71.7 68.8 66.2 61.7 52.9
Pegas Nonwovens 0.914 0.890 1.17 0.901 1.05
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
AVAST Software % -166 -135 ... ... 17.6
Stock Spirits Group % 122 21.9 12.5 22.4 15.5
Kofola % 53.5 44.2 48.0 28.8 35.7