Pitti Engineering (BOM:513519) Debt-to-Equity : 1.48 (As of Mar. 2024)

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What is Pitti Engineering Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹4,162 Mil. Pitti Engineering's debt to equity for the quarter that ended in Mar. 2024 was 1.48.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

BOM:513519' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.07 Med: 1.39 Max: 1.74
Current: 1.48

During the past 13 years, the highest Debt-to-Equity Ratio of Pitti Engineering was 1.74. The lowest was 1.07. And the median was 1.39.

BOM:513519's Debt-to-Equity is ranked worse than
93.1% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs BOM:513519: 1.48

Pitti Engineering Debt-to-Equity Historical Data

The historical data trend for Pitti Engineering's Debt-to-Equity 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-Equity Chart

Pitti Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.18

1.35

1.38

1.07

1.48

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-Equity	Get a 7-Day Free Trial															1.07	N/A	1.32	N/A	1.48

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

For the Metal Fabrication subindustry, Pitti Engineering's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Industrial Products Industry

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

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

Pitti Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2906.423	+	3255.283)	/	4162.24
	=	1.48

Pitti Engineering's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2906.423	+	3255.283)	/	4162.24
	=	1.48

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

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Pitti Engineering Debt-to-Equity Related Terms

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

Pitti Engineering (BOM:513519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pitti Engineering Ltd (BOM:513519) » Definitions » Debt-to-Equity

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PITTIENG:India

Address

Padmaja Landmark, 6-3-648/401, 4th Floor, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.pitti.in

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.

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