Forge Auto International Balance Sheet Health
Financial Health criteria checks 4/6
Forge Auto International has a total shareholder equity of ₹208.1M and total debt of ₹404.6M, which brings its debt-to-equity ratio to 194.4%. Its total assets and total liabilities are ₹1.0B and ₹806.8M respectively. Forge Auto International's EBIT is ₹126.2M making its interest coverage ratio 3.6. It has cash and short-term investments of ₹5.2M.
Key information
194.4%
Debt to equity ratio
₹404.60m
Debt
| Interest coverage ratio | 3.6x |
| Cash | ₹5.24m |
| Equity | ₹208.09m |
| Total liabilities | ₹806.78m |
| Total assets | ₹1.01b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: FORGEAUTO's short term assets (₹623.3M) exceed its short term liabilities (₹598.8M).
Long Term Liabilities: FORGEAUTO's short term assets (₹623.3M) exceed its long term liabilities (₹208.0M).
Debt to Equity History and Analysis
Debt Level: FORGEAUTO's net debt to equity ratio (191.9%) is considered high.
Reducing Debt: Insufficient data to determine if FORGEAUTO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FORGEAUTO's debt is well covered by operating cash flow (21%).
Interest Coverage: FORGEAUTO's interest payments on its debt are well covered by EBIT (3.6x coverage).