Pitti Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Pitti Engineering has a total shareholder equity of ₹4.2B and total debt of ₹6.2B, which brings its debt-to-equity ratio to 148%. Its total assets and total liabilities are ₹13.3B and ₹9.1B respectively. Pitti Engineering's EBIT is ₹1.8B making its interest coverage ratio 4.3. It has cash and short-term investments of ₹1.1B.
Key information
148.0%
Debt to equity ratio
₹6.16b
Debt
| Interest coverage ratio | 4.3x |
| Cash | ₹1.09b |
| Equity | ₹4.16b |
| Total liabilities | ₹9.14b |
| Total assets | ₹13.30b |
Recent financial health updates
Is Pitti Engineering (NSE:PITTIENG) Using Too Much Debt?
Mar 14
Is Pitti Engineering (NSE:PITTIENG) A Risky Investment?
Jun 02Pitti Engineering (NSE:PITTIENG) Has A Pretty Healthy Balance Sheet
Jan 20Here's Why Pitti Engineering (NSE:PITTIENG) Is Weighed Down By Its Debt Load
Mar 22Pitti Engineering (NSE:PITTIENG) Seems To Be Using A Lot Of Debt
Dec 07Recent updates
Subdued Growth No Barrier To Pitti Engineering Limited (NSE:PITTIENG) With Shares Advancing 39%
Jul 05Pitti Engineering's (NSE:PITTIENG) Earnings Are Of Questionable Quality
May 22Is Pitti Engineering (NSE:PITTIENG) Using Too Much Debt?
Mar 14Calculating The Fair Value Of Pitti Engineering Limited (NSE:PITTIENG)
Feb 26The Trend Of High Returns At Pitti Engineering (NSE:PITTIENG) Has Us Very Interested
Sep 13Pitti Engineering's (NSE:PITTIENG) Dividend Will Be Increased To ₹1.50
Feb 17Shareholders May Not Be So Generous With Pitti Engineering Limited's (NSE:PITTIENG) CEO Compensation And Here's Why
Sep 17Returns On Capital Are A Standout For Pitti Engineering (NSE:PITTIENG)
Jun 23Is Pitti Engineering (NSE:PITTIENG) A Risky Investment?
Jun 02Is Now The Time To Put Pitti Engineering (NSE:PITTIENG) On Your Watchlist?
May 10Pitti Engineering (NSE:PITTIENG) Has A Pretty Healthy Balance Sheet
Jan 20Pitti Engineering (NSE:PITTIENG) Is Investing Its Capital With Increasing Efficiency
Nov 08I Ran A Stock Scan For Earnings Growth And Pitti Engineering (NSE:PITTIENG) Passed With Ease
Sep 13Pitti Engineering (NSE:PITTIENG) Shareholders Will Want The ROCE Trajectory To Continue
Jun 14Here's Why Pitti Engineering (NSE:PITTIENG) Is Weighed Down By Its Debt Load
Mar 22Does Pitti Engineering (NSE:PITTIENG) Have The Makings Of A Multi-Bagger?
Mar 01Key Things To Understand About Pitti Engineering's (NSE:PITTIENG) CEO Pay Cheque
Feb 10How Many Pitti Engineering Limited (NSE:PITTIENG) Shares Did Insiders Buy, In The Last Year?
Jan 20Can Pitti Engineering Limited (NSE:PITTIENG) Improve Its Returns?
Dec 30Pitti Engineering (NSE:PITTIENG) Seems To Be Using A Lot Of Debt
Dec 07What Do The Returns On Capital At Pitti Engineering (NSE:PITTIENG) Tell Us?
Nov 09
Trade Alert: The Chairman & MD Of Pitti Engineering Limited (NSE:PITTIENG), Sharad Pitti, Has Just Spent ₹13m Buying 11% More Shares
Sep 18Our View On Pitti Engineering's (NSE:PITTIENG) CEO Pay
Sep 15Financial Position Analysis
Short Term Liabilities: PITTIENG's short term assets (₹7.1B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: PITTIENG's short term assets (₹7.1B) exceed its long term liabilities (₹3.5B).
Debt to Equity History and Analysis
Debt Level: PITTIENG's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: PITTIENG's debt to equity ratio has increased from 144% to 148% over the past 5 years.
Debt Coverage: PITTIENG's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: PITTIENG's interest payments on its debt are well covered by EBIT (4.3x coverage).