Pritika Auto Industries Balance Sheet Health
Financial Health criteria checks 4/6
Pritika Auto Industries has a total shareholder equity of ₹1.8B and total debt of ₹1.1B, which brings its debt-to-equity ratio to 59.9%. Its total assets and total liabilities are ₹3.6B and ₹1.8B respectively. Pritika Auto Industries's EBIT is ₹344.9M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹145.1M.
Key information
59.9%
Debt to equity ratio
₹1.08b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹145.14m |
Equity | ₹1.80b |
Total liabilities | ₹1.76b |
Total assets | ₹3.56b |
Recent financial health updates
No updates
Recent updates
Pritika Auto Industries Limited's (NSE:PRITIKAUTO) 35% Cheaper Price Remains In Tune With Earnings
Mar 21Earnings Tell The Story For Pritika Auto Industries Limited (NSE:PRITIKAUTO) As Its Stock Soars 26%
Feb 05Even With A 45% Surge, Cautious Investors Are Not Rewarding Pritika Auto Industries Limited's (NSE:PRITIKAUTO) Performance Completely
Dec 18Pritika Auto Industries (NSE:PRITIKAUTO) Will Want To Turn Around Its Return Trends
Sep 09Pritika Auto Industries' (NSE:PRITIKAUTO) Profits Appear To Have Quality Issues
Nov 20Pritika Auto Industries Limited (NSE:PRITIKAUTO) Looks Inexpensive But Perhaps Not Attractive Enough
May 13Financial Position Analysis
Short Term Liabilities: PRITIKAUTO's short term assets (₹1.9B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: PRITIKAUTO's short term assets (₹1.9B) exceed its long term liabilities (₹513.6M).
Debt to Equity History and Analysis
Debt Level: PRITIKAUTO's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: PRITIKAUTO's debt to equity ratio has increased from 56.8% to 59.9% over the past 5 years.
Debt Coverage: PRITIKAUTO's debt is well covered by operating cash flow (20.8%).
Interest Coverage: PRITIKAUTO's interest payments on its debt are well covered by EBIT (3.2x coverage).