Pitti Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Pitti Engineering has a total shareholder equity of ₹4.2B and total debt of ₹6.2B, which brings its debt-to-equity ratio to 148%. Its total assets and total liabilities are ₹13.3B and ₹9.1B respectively. Pitti Engineering's EBIT is ₹1.8B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹1.1B.
Key information
148.0%
Debt to equity ratio
₹6.16b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹1.09b |
| Equity | ₹4.16b |
| Total liabilities | ₹9.14b |
| Total assets | ₹13.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 513519's short term assets (₹7.1B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: 513519's short term assets (₹7.1B) exceed its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: 513519's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: 513519's debt to equity ratio has increased from 144% to 148% over the past 5 years.
Debt Coverage: 513519's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 513519's interest payments on its debt are well covered by EBIT (4.3x coverage).