Piotex Industries Balance Sheet Health
Financial Health criteria checks 4/6
Piotex Industries has a total shareholder equity of ₹254.9M and total debt of ₹24.3M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are ₹480.6M and ₹225.7M respectively. Piotex Industries's EBIT is ₹34.8M making its interest coverage ratio -15.2. It has cash and short-term investments of ₹5.4M.
Key information
9.5%
Debt to equity ratio
₹24.27m
Debt
| Interest coverage ratio | -15.2x |
| Cash | ₹5.38m |
| Equity | ₹254.91m |
| Total liabilities | ₹225.70m |
| Total assets | ₹480.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544178's short term assets (₹437.1M) exceed its short term liabilities (₹220.5M).
Long Term Liabilities: 544178's short term assets (₹437.1M) exceed its long term liabilities (₹5.2M).
Debt to Equity History and Analysis
Debt Level: 544178's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 544178's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544178's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 544178 earns more interest than it pays, so coverage of interest payments is not a concern.