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Pitti Engineering (BOM:513519) Debt-to-EBITDA : 1.92 (As of Mar. 2024)


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What is Pitti Engineering Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Pitti Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹2,906 Mil. Pitti Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹3,255 Mil. Pitti Engineering's annualized EBITDA for the quarter that ended in Mar. 2024 was ₹3,203 Mil. Pitti Engineering's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 was 1.92.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Pitti Engineering's Debt-to-EBITDA or its related term are showing as below:

BOM:513519' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.11   Med: 3.4   Max: 12.01
Current: 2.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Pitti Engineering was 12.01. The lowest was 2.11. And the median was 3.40.

BOM:513519's Debt-to-EBITDA is ranked worse than
63.68% of 2288 companies
in the Industrial Products industry
Industry Median: 1.705 vs BOM:513519: 2.73

Pitti Engineering Debt-to-EBITDA Historical Data

The historical data trend for Pitti Engineering's Debt-to-EBITDA 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.

* Premium members only.

Pitti Engineering Debt-to-EBITDA Chart

Pitti Engineering Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 3.38 2.81 2.11 2.73

Pitti Engineering Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.58 - 2.17 - 1.92

Competitive Comparison of Pitti Engineering's Debt-to-EBITDA

For the Metal Fabrication subindustry, Pitti Engineering's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Pitti Engineering's Debt-to-EBITDA Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pitti Engineering's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Pitti Engineering's Debt-to-EBITDA falls into.



Pitti Engineering Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Pitti Engineering's Debt-to-EBITDA for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2906.423 + 3255.283) / 2259.188
=2.73

Pitti Engineering's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2906.423 + 3255.283) / 3203.1
=1.92

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2024) EBITDA data.


Pitti Engineering  (BOM:513519) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Pitti Engineering Debt-to-EBITDA Related Terms

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


Pitti Engineering (BOM:513519) Business Description

Traded in Other Exchanges
Address
Padmaja Landmark, 6-3-648/401, 4th Floor, Somajiguda, Hyderabad, TG, IND, 500082
Pitti Engineering Ltd is a company engaged in the manufacture of special-purpose laminations of all types of rotating electrical machinery. It is also into manufacturing electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools. The company's products have applications in industrial motors, alternators, hydroelectric and thermal power generators, wind power generators, DC machines, railway traction motors, pumps, medical diagnostic equipment, and aeronautic wing control motors. It sells its products both in domestic and international markets and generates maximum revenue from India.

Pitti Engineering (BOM:513519) Headlines

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