Pritika Engineering Components (NSE:PRITIKA) Debt-to-Equity : 1.20 (As of Mar. 2023)

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What is Pritika Engineering Components Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₹273.8 Mil. Pritika Engineering Components's debt to equity for the quarter that ended in Mar. 2023 was 1.20.

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 Pritika Engineering Components's Debt-to-Equity or its related term are showing as below:

NSE:PRITIKA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 1.63 Max: 3.76
Current: 1.2

During the past 4 years, the highest Debt-to-Equity Ratio of Pritika Engineering Components was 3.76. The lowest was 1.20. And the median was 1.63.

NSE:PRITIKA's Debt-to-Equity is ranked worse than
79.51% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs NSE:PRITIKA: 1.20

Pritika Engineering Components Debt-to-Equity Historical Data

The historical data trend for Pritika Engineering Components'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.

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Pritika Engineering Components Debt-to-Equity Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

3.76

1.74

1.52

1.20

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Debt-to-Equity	3.76	1.74	1.52	1.73	1.20

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

For the Auto Parts subindustry, Pritika Engineering Components'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.

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

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

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

Pritika Engineering Components Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pritika Engineering Components's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(145.277	+	184.236)	/	273.84
	=	1.20

Pritika Engineering Components's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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
	=	(145.277	+	184.236)	/	273.84
	=	1.20

Pritika Engineering Components (NSE:PRITIKA) 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.

Pritika Engineering Components Debt-to-Equity Related Terms

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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-Equity

Comparable Companies

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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