Patel Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Patel Engineering has a total shareholder equity of ₹29.5B and total debt of ₹20.0B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are ₹86.8B and ₹57.3B respectively. Patel Engineering's EBIT is ₹5.8B making its interest coverage ratio 2.4. It has cash and short-term investments of ₹2.6B.
Key information
68.1%
Debt to equity ratio
₹20.05b
Debt
| Interest coverage ratio | 2.4x |
| Cash | ₹2.58b |
| Equity | ₹29.45b |
| Total liabilities | ₹57.32b |
| Total assets | ₹86.78b |
Recent financial health updates
Does Patel Engineering (NSE:PATELENG) Have A Healthy Balance Sheet?
Feb 01
Does Patel Engineering (NSE:PATELENG) Have A Healthy Balance Sheet?
Mar 16We Think Patel Engineering (NSE:PATELENG) Is Taking Some Risk With Its Debt
Feb 18We Think Patel Engineering (NSE:PATELENG) Is Taking Some Risk With Its Debt
Jul 29These 4 Measures Indicate That Patel Engineering (NSE:PATELENG) Is Using Debt Extensively
Mar 29Patel Engineering (NSE:PATELENG) Use Of Debt Could Be Considered Risky
Dec 22Recent updates
Is Now An Opportune Moment To Examine Patel Engineering Limited (NSE:PATELENG)?
Apr 26Does Patel Engineering (NSE:PATELENG) Have A Healthy Balance Sheet?
Feb 01There's No Escaping Patel Engineering Limited's (NSE:PATELENG) Muted Earnings Despite A 28% Share Price Rise
Dec 18Calculating The Fair Value Of Patel Engineering Limited (NSE:PATELENG)
Dec 08Do Patel Engineering's (NSE:PATELENG) Earnings Warrant Your Attention?
Nov 22Does Patel Engineering (NSE:PATELENG) Deserve A Spot On Your Watchlist?
Aug 05Benign Growth For Patel Engineering Limited (NSE:PATELENG) Underpins Its Share Price
Apr 20Does Patel Engineering (NSE:PATELENG) Have A Healthy Balance Sheet?
Mar 16Patel Engineering's (NSE:PATELENG) Returns On Capital Are Heading Higher
Jun 10We Think Patel Engineering (NSE:PATELENG) Is Taking Some Risk With Its Debt
Feb 18Investors Could Be Concerned With Patel Engineering's (NSE:PATELENG) Returns On Capital
Sep 15We Think Patel Engineering (NSE:PATELENG) Is Taking Some Risk With Its Debt
Jul 29Capital Allocation Trends At Patel Engineering (NSE:PATELENG) Aren't Ideal
May 21These 4 Measures Indicate That Patel Engineering (NSE:PATELENG) Is Using Debt Extensively
Mar 29Patel Engineering's(NSE:PATELENG) Share Price Is Down 81% Over The Past Three Years.
Feb 21Should You Be Worried About Patel Engineering's (NSE:PATELENG) Returns On Capital?
Jan 26Patel Engineering (NSE:PATELENG) Use Of Debt Could Be Considered Risky
Dec 22Patel Engineering's(NSE:PATELENG) Share Price Is Down 87% Over The Past Three Years.
Nov 17
Are Insiders Buying Patel Engineering Limited (NSE:PATELENG) Stock?
Sep 28We Wouldn't Rely On Patel Engineering's (NSE:PATELENG) Statutory Earnings As A Guide
Aug 31Financial Position Analysis
Short Term Liabilities: PATELENG's short term assets (₹55.4B) exceed its short term liabilities (₹39.1B).
Long Term Liabilities: PATELENG's short term assets (₹55.4B) exceed its long term liabilities (₹18.3B).
Debt to Equity History and Analysis
Debt Level: PATELENG's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: PATELENG's debt to equity ratio has reduced from 119.5% to 68.1% over the past 5 years.
Debt Coverage: PATELENG's debt is well covered by operating cash flow (34.9%).
Interest Coverage: PATELENG's interest payments on its debt are not well covered by EBIT (2.4x coverage).