KARO Leather's net debt stood at CZK 233 mil and accounted for 71.8% of equity at the end of 2023. The ratio is up 16.4 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of 257% in 2018 and a low of 55.5% in 2022 between 2018 and 2023. The average for the last five years was 85.3%.
Net debt to EBITDA was calculated at 6.55x at the end of the year. ERROR: A non-numeric value encountered That is up from 7.28x seen in 2018. The ratio reached a high of 34.3x in 2020 and a low of 4.09x in 2019.
The company’s cost of funding amounted to 15.7% in 2023, up which is above the 5-year of 7.86%. Funding costs have “eaten” some 387% of the operating profit generated in 2019.
You can see all the company’s data at KARO Leather profile, or you can download a report on the company in the report section.
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