Power & Instrumental (Gujarat) Balance Sheet Health
Financial Health criteria checks 4/6
Power & Instrumental (Gujarat) has a total shareholder equity of ₹473.8M and total debt of ₹329.8M, which brings its debt-to-equity ratio to 69.6%. Its total assets and total liabilities are ₹1.1B and ₹592.3M respectively. Power & Instrumental (Gujarat)'s EBIT is ₹95.9M making its interest coverage ratio 4.4. It has cash and short-term investments of ₹8.0M.
Key information
69.6%
Debt to equity ratio
₹329.80m
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹8.00m |
| Equity | ₹473.80m |
| Total liabilities | ₹592.30m |
| Total assets | ₹1.07b |
Recent financial health updates
Is Power & Instrumental (Gujarat) (NSE:PIGL) Using Too Much Debt?
Mar 18
Power & Instrumental (Gujarat) (NSE:PIGL) Takes On Some Risk With Its Use Of Debt
Dec 12Is Power and Instrumentation (Guj) (NSE:PIGL) Using Too Much Debt?
Aug 02Power and Instrumentation (Guj) (NSE:PIGL) Seems To Use Debt Quite Sensibly
Mar 09These 4 Measures Indicate That Power & Instrumentation (Gujarat) (NSE:PIGL) Is Using Debt Extensively
Jun 21Power & Instrumentation (Gujarat) (NSE:PIGL) Takes On Some Risk With Its Use Of Debt
Mar 15Recent updates
Power & Instrumental (Gujarat) Limited's (NSE:PIGL) Price Is Right But Growth Is Lacking
Apr 24Is Power & Instrumental (Gujarat) (NSE:PIGL) Using Too Much Debt?
Mar 18Power & Instrumental (Gujarat) Limited's (NSE:PIGL) Price Is Right But Growth Is Lacking After Shares Rocket 46%
Jan 22Power & Instrumental (Gujarat) (NSE:PIGL) Takes On Some Risk With Its Use Of Debt
Dec 12Is Power and Instrumentation (Guj) (NSE:PIGL) Using Too Much Debt?
Aug 02Power and Instrumentation (Guj) (NSE:PIGL) Seems To Use Debt Quite Sensibly
Mar 09Is Now The Time To Put Power & Instrumentation (Gujarat) (NSE:PIGL) On Your Watchlist?
Aug 26These 4 Measures Indicate That Power & Instrumentation (Gujarat) (NSE:PIGL) Is Using Debt Extensively
Jun 21Power & Instrumentation (Gujarat) (NSE:PIGL) Takes On Some Risk With Its Use Of Debt
Mar 15Power & Instrumentation (Gujarat) (NSE:PIGL) Has A Somewhat Strained Balance Sheet
Nov 25With EPS Growth And More, Power & Instrumentation (Gujarat) (NSE:PIGL) Is Interesting
Aug 08Here's Why Power & Instrumentation (Gujarat) (NSE:PIGL) Has A Meaningful Debt Burden
Jul 12Does Power & Instrumentation (Gujarat) (NSE:PIGL) Have A Healthy Balance Sheet?
Mar 02Financial Position Analysis
Short Term Liabilities: PIGL's short term assets (₹793.7M) exceed its short term liabilities (₹545.9M).
Long Term Liabilities: PIGL's short term assets (₹793.7M) exceed its long term liabilities (₹46.4M).
Debt to Equity History and Analysis
Debt Level: PIGL's net debt to equity ratio (67.9%) is considered high.
Reducing Debt: PIGL's debt to equity ratio has increased from 65.2% to 69.6% over the past 5 years.
Debt Coverage: PIGL's debt is well covered by operating cash flow (30.6%).
Interest Coverage: PIGL's interest payments on its debt are well covered by EBIT (4.4x coverage).