Power & Instrumental (Gujarat) Balance Sheet Health
Financial Health criteria checks 5/6
Power & Instrumental (Gujarat) has a total shareholder equity of ₹512.3M and total debt of ₹143.1M, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are ₹1.1B and ₹562.4M respectively. Power & Instrumental (Gujarat)'s EBIT is ₹107.4M making its interest coverage ratio 2.4. It has cash and short-term investments of ₹3.6M.
Key information
27.9%
Debt to equity ratio
₹143.08m
Debt
Interest coverage ratio | 2.4x |
Cash | ₹3.60m |
Equity | ₹512.26m |
Total liabilities | ₹562.44m |
Total assets | ₹1.07b |
Recent financial health updates
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 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 (₹860.2M) exceed its short term liabilities (₹512.9M).
Long Term Liabilities: PIGL's short term assets (₹860.2M) exceed its long term liabilities (₹49.5M).
Debt to Equity History and Analysis
Debt Level: PIGL's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: PIGL's debt to equity ratio has reduced from 65.2% to 27.9% over the past 5 years.
Debt Coverage: PIGL's debt is well covered by operating cash flow (59.3%).
Interest Coverage: PIGL's interest payments on its debt are not well covered by EBIT (2.4x coverage).