Balu Forge Industries Balance Sheet Health
Financial Health criteria checks 5/6
Balu Forge Industries has a total shareholder equity of ₹4.3B and total debt of ₹706.9M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are ₹6.6B and ₹2.3B respectively. Balu Forge Industries's EBIT is ₹1.1B making its interest coverage ratio 11.4. It has cash and short-term investments of ₹1.0B.
Key information
16.4%
Debt to equity ratio
₹706.88m
Debt
| Interest coverage ratio | 11.4x |
| Cash | ₹1.02b |
| Equity | ₹4.30b |
| Total liabilities | ₹2.25b |
| Total assets | ₹6.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531112's short term assets (₹5.2B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: 531112's short term assets (₹5.2B) exceed its long term liabilities (₹268.8M).
Debt to Equity History and Analysis
Debt Level: 531112 has more cash than its total debt.
Reducing Debt: 531112's debt to equity ratio has reduced from 34.3% to 16.4% over the past 5 years.
Debt Coverage: 531112's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531112's interest payments on its debt are well covered by EBIT (11.4x coverage).