Kovolit's net debt stood at CZK 146 mil and accounted for 92.4% of equity at the end of 2023. The ratio is down 26.7 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 295% in 2021 and a low of 87.1% in 2017 between 2017 and 2023. The average for the last five years was 167%.
Net debt to EBITDA was calculated at 2.83x at the end of the year. ERROR: A non-numeric value encountered That is up from 4.15x seen in 2018. The ratio reached a high of 20.9x in 2020 and a low of 2.83x in 2023.
The company’s cost of funding amounted to 6.44% in 2023, up which is above the 5-year of 3.59%. Funding costs have “eaten” some 5% of the operating profit generated in 2019.
You can see all the company’s data at Kovolit profile, or you can download a report on the company in the report section.
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