Forbes Precision Tools and Machine Parts Balance Sheet Health
Financial Health criteria checks 5/6
Forbes Precision Tools and Machine Parts has a total shareholder equity of ₹1.5B and total debt of ₹42.1M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ₹2.0B and ₹538.3M respectively. Forbes Precision Tools and Machine Parts's EBIT is ₹399.5M making its interest coverage ratio 59.1. It has cash and short-term investments of ₹248.6M.
Key information
2.8%
Debt to equity ratio
₹42.10m
Debt
| Interest coverage ratio | 59.1x |
| Cash | ₹248.60m |
| Equity | ₹1.49b |
| Total liabilities | ₹538.30m |
| Total assets | ₹2.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 544186's short term assets (₹924.7M) exceed its short term liabilities (₹466.1M).
Long Term Liabilities: 544186's short term assets (₹924.7M) exceed its long term liabilities (₹72.2M).
Debt to Equity History and Analysis
Debt Level: 544186 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 544186's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 544186's debt is well covered by operating cash flow (1054.8%).
Interest Coverage: 544186's interest payments on its debt are well covered by EBIT (59.1x coverage).