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Pritika Engineering Components (NSE:PRITIKA) Debt-to-EBITDA : 3.56 (As of Mar. 2023)


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What is Pritika Engineering Components Debt-to-EBITDA?

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

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 annualized EBITDA for the quarter that ended in Mar. 2023 was ₹92.6 Mil. Pritika Engineering Components's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2023 was 3.56.

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

NSE:PRITIKA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.23   Med: 6.2   Max: 7.95
Current: 3.23

During the past 4 years, the highest Debt-to-EBITDA Ratio of Pritika Engineering Components was 7.95. The lowest was 3.23. And the median was 6.20.

NSE:PRITIKA's Debt-to-EBITDA is ranked worse than
62.13% of 1051 companies
in the Vehicles & Parts industry
Industry Median: 2.38 vs NSE:PRITIKA: 3.23

Pritika Engineering Components Debt-to-EBITDA Historical Data

The historical data trend for Pritika Engineering Components'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.

Pritika Engineering Components Debt-to-EBITDA Chart

Pritika Engineering Components Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Debt-to-EBITDA
7.95 6.36 6.05 3.23

Pritika Engineering Components Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23
Debt-to-EBITDA N/A N/A N/A 2.84 3.56

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

For the Auto Parts subindustry, Pritika Engineering Components'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.


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

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

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



Pritika Engineering Components Debt-to-EBITDA Calculation

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

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(145.277 + 184.236) / 101.987
=3.23

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(145.277 + 184.236) / 92.646
=3.56

* 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 two times the quarterly (Mar. 2023) EBITDA data.


Pritika Engineering Components  (NSE:PRITIKA) 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.


Pritika Engineering Components Debt-to-EBITDA Related Terms

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


Pritika Engineering Components (NSE:PRITIKA) Business Description

Traded in Other Exchanges
N/A
Address
Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055
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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