Power & Instrumental (Gujarat) Balance Sheet Health
Financial Health criteria checks 5/6
Power & Instrumental (Gujarat) has a total shareholder equity of ₹963.3M and total debt of ₹168.6M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are ₹1.5B and ₹557.1M respectively. Power & Instrumental (Gujarat)'s EBIT is ₹138.3M making its interest coverage ratio 7.4. It has cash and short-term investments of ₹7.4M.
Key information
17.5%
Debt to equity ratio
₹168.57m
Debt
| Interest coverage ratio | 7.4x |
| Cash | ₹7.43m |
| Equity | ₹963.28m |
| Total liabilities | ₹557.11m |
| Total assets | ₹1.52b |
Recent financial health updates
Here's Why Power & Instrumental (Gujarat) (NSE:PIGL) Can Manage Its Debt Responsibly
Jul 23
Is Power & Instrumental (Gujarat) (NSE:PIGL) Using Too Much Debt?
Mar 18Power & 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 21Recent updates
There May Be Underlying Issues With The Quality Of Power & Instrumental (Gujarat)'s (NSE:PIGL) Earnings
Nov 18Optimistic Investors Push Power & Instrumental (Gujarat) Limited (NSE:PIGL) Shares Up 31% But Growth Is Lacking
Oct 10Power & Instrumental (Gujarat) Limited's (NSE:PIGL) CEO Compensation Is Looking A Bit Stretched At The Moment
Sep 24Power & Instrumental (Gujarat) (NSE:PIGL) Will Pay A Dividend Of ₹0.20
Sep 12Power & Instrumental (Gujarat) Limited (NSE:PIGL) Held Back By Insufficient Growth Even After Shares Climb 58%
Aug 06Here's Why Power & Instrumental (Gujarat) (NSE:PIGL) Can Manage Its Debt Responsibly
Jul 23Power & 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 (₹1.0B) exceed its short term liabilities (₹501.4M).
Long Term Liabilities: PIGL's short term assets (₹1.0B) exceed its long term liabilities (₹55.7M).
Debt to Equity History and Analysis
Debt Level: PIGL's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: PIGL's debt to equity ratio has reduced from 66.1% to 17.5% over the past 5 years.
Debt Coverage: PIGL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PIGL's interest payments on its debt are well covered by EBIT (7.4x coverage).