Presstonic Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Presstonic Engineering has a total shareholder equity of ₹49.3M and total debt of ₹164.5M, which brings its debt-to-equity ratio to 333.5%. Its total assets and total liabilities are ₹273.8M and ₹224.4M respectively. Presstonic Engineering's EBIT is ₹60.9M making its interest coverage ratio 3.4. It has cash and short-term investments of ₹22.0M.
Key information
333.5%
Debt to equity ratio
₹164.53m
Debt
Interest coverage ratio | 3.4x |
Cash | ₹21.96m |
Equity | ₹49.34m |
Total liabilities | ₹224.43m |
Total assets | ₹273.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRESSTONIC's short term assets (₹194.8M) exceed its short term liabilities (₹189.5M).
Long Term Liabilities: PRESSTONIC's short term assets (₹194.8M) exceed its long term liabilities (₹34.9M).
Debt to Equity History and Analysis
Debt Level: PRESSTONIC's net debt to equity ratio (289%) is considered high.
Reducing Debt: Insufficient data to determine if PRESSTONIC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PRESSTONIC's debt is well covered by operating cash flow (33.1%).
Interest Coverage: PRESSTONIC's interest payments on its debt are well covered by EBIT (3.4x coverage).