Pritika Engineering Components Balance Sheet Health
Financial Health criteria checks 2/6
Pritika Engineering Components has a total shareholder equity of ₹382.7M and total debt of ₹520.0M, which brings its debt-to-equity ratio to 135.9%. Its total assets and total liabilities are ₹1.1B and ₹729.5M respectively. Pritika Engineering Components's EBIT is ₹86.5M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹24.1M.
Key information
135.9%
Debt to equity ratio
₹520.03m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₹24.06m |
| Equity | ₹382.70m |
| Total liabilities | ₹729.54m |
| Total assets | ₹1.11b |
Recent financial health updates
No updates
Recent updates
Pritika Engineering Components (NSE:PRITIKA) Is Experiencing Growth In Returns On Capital
May 07
Investors Give Pritika Engineering Components Limited (NSE:PRITIKA) Shares A 27% Hiding
Mar 17Pritika Engineering Components Limited (NSE:PRITIKA) Soars 29% But It's A Story Of Risk Vs Reward
Feb 01Pritika Engineering Components (NSE:PRITIKA) Shareholders Will Want The ROCE Trajectory To Continue
Jan 25Financial Position Analysis
Short Term Liabilities: PRITIKA's short term assets (₹411.6M) exceed its short term liabilities (₹276.4M).
Long Term Liabilities: PRITIKA's short term assets (₹411.6M) do not cover its long term liabilities (₹453.2M).
Debt to Equity History and Analysis
Debt Level: PRITIKA's net debt to equity ratio (129.6%) is considered high.
Reducing Debt: PRITIKA's debt to equity ratio has reduced from 347% to 135.9% over the past 5 years.
Debt Coverage: PRITIKA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PRITIKA's interest payments on its debt are not well covered by EBIT (2.6x coverage).