Happy Forgings Balance Sheet Health
Financial Health criteria checks 5/6
Happy Forgings has a total shareholder equity of ₹16.1B and total debt of ₹1.4B, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are ₹18.9B and ₹2.7B respectively. Happy Forgings's EBIT is ₹3.2B making its interest coverage ratio 27.4. It has cash and short-term investments of ₹1.2B.
Key information
8.9%
Debt to equity ratio
₹1.43b
Debt
Interest coverage ratio | 27.4x |
Cash | ₹1.17b |
Equity | ₹16.12b |
Total liabilities | ₹2.73b |
Total assets | ₹18.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544057's short term assets (₹7.4B) exceed its short term liabilities (₹2.4B).
Long Term Liabilities: 544057's short term assets (₹7.4B) exceed its long term liabilities (₹316.2M).
Debt to Equity History and Analysis
Debt Level: 544057's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 544057's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544057's debt is well covered by operating cash flow (20.3%).
Interest Coverage: 544057's interest payments on its debt are well covered by EBIT (27.4x coverage).