Who Was the Most Indebted Among Volkswagen Group in 2017?

Top Companies by Net Debt/Equity (%)
Automotive | July 26, 2020
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Based on a comparison of 7 firms among Volkswagen Group, Scania Group had the biggest debt relative to its equity at the end of 2017 followed by MAN SE and SEAT.

Scania Group net debt reached EUR 5,378 mil. and accounted for 105% of equity at the end of 2017. The ratio is up 19.9% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 431% in 1994 and an all time low of 78.7% in 2011.

When compared to EBITDA, net debt amounted to 3.18x at the end of the year. The ratio reached an all time high of 7.50x in 2009 and an all time low of 1.59x in 1995.

Comparing Scania Group with its closest peers, MAN SE posted net debt to equity of 37.9% and 1.42x when compared to EBITDA at the end of 2017. SEAT ended the year 2016 with a net debt at 17.4% of equity and 0.458x when compared to its EBITDA while Porsche AG had net debt at 15.7% of equity and 0.372x 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 2012 2013 2014 2015 2016 2017 2018 2019
Audi Group % -62.2% -44.3% -41.2% -42.0% -37.7% ... ...
MAN SE % 84.3% 79.0% 79.2% 37.6% 37.9% ... ...
Scania Group % 92.3% 85.7% 113% 119% 105% ... ...
SEAT % 306% 177% 125% 18.7% 17.4% ... ...
Skoda Auto % -19.7% -24.7% -38.8% -44.2% -39.7% ... ...
Volkswagen Group % -16.9% -17.6% -26.9% -36.5% -27.7%
Porsche AG % 56.4% 39.5% 26.5% 21.8% 15.7% ... ...
AVERAGE % 53.0% 62.9% 42.1% 33.7% 10.6% 10.1% -29.3% -27.1%