Who Was the Most Indebted Among Volkswagen Group in 2017?

Top Companies by Net Debt/Equity (%)
Automotive | February 26, 2019
$1.99
Excel Sheet

Based on a comparison of 7 firms among Volkswagen Group, Volkswagen Group had the biggest debt relative to its equity at the end of 2017 followed by Scania Group and MAN SE.

Volkswagen Group net debt reached EUR 145,015 mil. and accounted for 133% of equity at the end of 2017. The ratio is up 5.00% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 229% in 2005 and an all time low of 104% in 2013.

When compared to EBITDA, net debt amounted to 4.03x at the end of the year. The ratio reached an all time high of 8.29x in 2009 and an all time low of 3.57x in 2013.

Comparing Volkswagen Group with its closest peers, Scania Group posted net debt to equity of 105% and 3.18x when compared to EBITDA at the end of 2017. MAN SE ended the year 2016 with a net debt at 37.9% of equity and 1.42x when compared to its EBITDA while SEAT had net debt at 17.4% of equity and 0.458x 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 Volkswagen Group in the reports section.

Net Debt/Equity Unit 2010 2011 2012 2013 2014 2015 2016 2017
Audi Group % -56.7% -65.6% -62.2% -44.3% -41.2%
MAN SE % 39.6% 70.0% 84.3% 79.0% 79.2%
Scania Group % 78.7% 87.2% 92.3% 85.7% 113%
SEAT % 188% 237% 306% 177% 125%
Skoda Auto % -17.9% -28.5% -19.7% -24.7% -38.8%
Volkswagen Group % 119% 127% 104% 128% 142%
Porsche AG % 99.7% 81.8% 56.4% 39.5% 26.5%
AVERAGE % 50.5% 64.3% 72.6% 80.2% 62.9% 57.8% 36.7% 33.0%