Piotex Industries Balance Sheet Health
Financial Health criteria checks 3/6
Piotex Industries has a total shareholder equity of ₹93.9M and total debt of ₹44.6M, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are ₹361.1M and ₹267.2M respectively. Piotex Industries's EBIT is ₹37.9M making its interest coverage ratio -21.3. It has cash and short-term investments of ₹614.0K.
Key information
47.5%
Debt to equity ratio
₹44.59m
Debt
Interest coverage ratio | -21.3x |
Cash | ₹614.00k |
Equity | ₹93.89m |
Total liabilities | ₹267.17m |
Total assets | ₹361.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544178's short term assets (₹355.8M) exceed its short term liabilities (₹232.6M).
Long Term Liabilities: 544178's short term assets (₹355.8M) exceed its long term liabilities (₹34.6M).
Debt to Equity History and Analysis
Debt Level: 544178's net debt to equity ratio (46.8%) is considered high.
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.