Pattech Fitwell Tube Components Balance Sheet Health
Financial Health criteria checks 2/6
Pattech Fitwell Tube Components has a total shareholder equity of ₹192.9M and total debt of ₹108.3M, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are ₹356.6M and ₹163.7M respectively. Pattech Fitwell Tube Components's EBIT is ₹29.9M making its interest coverage ratio 2.8. It has cash and short-term investments of ₹1.9M.
Key information
56.2%
Debt to equity ratio
₹108.33m
Debt
| Interest coverage ratio | 2.8x |
| Cash | ₹1.92m |
| Equity | ₹192.86m |
| Total liabilities | ₹163.70m |
| Total assets | ₹356.56m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PATTECH's short term assets (₹201.2M) exceed its short term liabilities (₹94.7M).
Long Term Liabilities: PATTECH's short term assets (₹201.2M) exceed its long term liabilities (₹69.0M).
Debt to Equity History and Analysis
Debt Level: PATTECH's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: Insufficient data to determine if PATTECH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PATTECH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PATTECH's interest payments on its debt are not well covered by EBIT (2.8x coverage).