Who Was the Most Indebted Among PX Index in 2017?

Top Companies by Net Debt/Equity (%)
Czech Republic | April 3, 2020
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Based on a comparison of 8 firms among PX Index, Avast had the biggest debt relative to its equity at the end of 2017 followed by PFNonwovens and Kofola.

Avast net debt reached CZK 37,613 mil. and accounted for 370% of equity at the end of 2017. The ratio is up 374% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 370% in 2017 and an all time low of -287% in 2007.

When compared to EBITDA, net debt amounted to 5.82x at the end of the year. The ratio reached an all time high of 11.0x in 2016 and an all time low of -2.05x in 2007.

Comparing Avast with its closest peers, PFNonwovens posted net debt to equity of 121% and 4.37x when compared to EBITDA at the end of 2017. Kofola ended the year 2016 with a net debt at 112% of equity and 2.57x when compared to its EBITDA while CEZ had net debt at 54.4% of equity and 2.35x 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 2012 2013 2014 2015 2016 2017 2018 2019
Central European Media Enterprises % 196 300 1,098 -892 -17,861 ... ...
CEZ % 59.8 55.4 48.5 52.7 54.4
PFNonwovens % 117 94.2 105 101 121 ...
Philip Morris Czech Republic % -65.5 -57.9 -93.8 -99.0 -81.7
O2 Czech Republic % -1.59 6.92 5.51 16.2 41.3
Avast % -135 340 17.5 182 370
Stock Spirits Group % 12.6 22.5 15.6 17.1 15.6
Kofola % 48.0 28.8 35.7 53.4 112 ... ...