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Pritika Engineering Components (NSE:PRITIKA) Debt-to-Asset : 0.34 (As of Mar. 2023)


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What is Pritika Engineering Components Debt-to-Asset?

Pritika Engineering Components's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹145.3 Mil. Pritika Engineering Components's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₹184.2 Mil. Pritika Engineering Components's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was ₹961.2 Mil. Pritika Engineering Components's debt to asset for the quarter that ended in Mar. 2023 was 0.34.

Pritika Engineering Components Debt-to-Asset Historical Data

The historical data trend for Pritika Engineering Components's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pritika Engineering Components Debt-to-Asset Chart

Pritika Engineering Components Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Debt-to-Asset
0.49 0.39 0.35 0.34

Pritika Engineering Components Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23
Debt-to-Asset 0.49 0.39 0.35 0.39 0.34

Competitive Comparison of Pritika Engineering Components's Debt-to-Asset

For the Auto Parts subindustry, Pritika Engineering Components's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pritika Engineering Components's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pritika Engineering Components's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Pritika Engineering Components's Debt-to-Asset falls into.


Pritika Engineering Components Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pritika Engineering Components's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(145.277 + 184.236) / 961.236
=0.34

Pritika Engineering Components's Debt-to-Asset for the quarter that ended in Mar. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(145.277 + 184.236) / 961.236
=0.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pritika Engineering Components  (NSE:PRITIKA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Pritika Engineering Components Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Pritika Engineering Components's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Debt-to-Asset
Comparable Companies
BOM:539040 BOM:505712 BOM:505075 BOM:542932 BOM:505893 BOM:539353 BOM:540653 BOM:523248 BOM:542459 NSE:PRECISION TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055
Website
https://www.pritikaengineering.com
Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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