Pritika Auto Industries Balance Sheet Health
Financial Health criteria checks 4/6
Pritika Auto Industries has a total shareholder equity of ₹2.2B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are ₹4.4B and ₹2.2B respectively. Pritika Auto Industries's EBIT is ₹358.9M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹52.3M.
Key information
66.6%
Debt to equity ratio
₹1.49b
Debt
Interest coverage ratio | 3.4x |
Cash | ₹52.29m |
Equity | ₹2.24b |
Total liabilities | ₹2.15b |
Total assets | ₹4.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 539359's short term assets (₹2.0B) exceed its short term liabilities (₹1.4B).
Long Term Liabilities: 539359's short term assets (₹2.0B) exceed its long term liabilities (₹774.1M).
Debt to Equity History and Analysis
Debt Level: 539359's net debt to equity ratio (64.2%) is considered high.
Reducing Debt: 539359's debt to equity ratio has increased from 52.8% to 66.6% over the past 5 years.
Debt Coverage: 539359's debt is well covered by operating cash flow (28.2%).
Interest Coverage: 539359's interest payments on its debt are well covered by EBIT (3.4x coverage).