Balu Forge Industries Balance Sheet Health
Financial Health criteria checks 5/6
Balu Forge Industries has a total shareholder equity of ₹9.1B and total debt of ₹549.3M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are ₹11.1B and ₹2.0B respectively. Balu Forge Industries's EBIT is ₹1.7B making its interest coverage ratio 45.5. It has cash and short-term investments of ₹2.3B.
Key information
6.0%
Debt to equity ratio
₹549.30m
Debt
| Interest coverage ratio | 45.5x |
| Cash | ₹2.34b |
| Equity | ₹9.13b |
| Total liabilities | ₹1.97b |
| Total assets | ₹11.10b |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Balu Forge Industries Limited (NSE:BALUFORGE) With Shares Advancing 29%
Sep 19
Optimistic Investors Push Balu Forge Industries Limited (NSE:BALUFORGE) Shares Up 36% But Growth Is Lacking
Aug 05Getting In Cheap On Balu Forge Industries Limited (NSE:BALUFORGE) Is Unlikely
Jun 21Balu Forge Industries' (NSE:BALUFORGE) Shareholders Should Assess Earnings With Caution
May 22Financial Position Analysis
Short Term Liabilities: BALUFORGE's short term assets (₹6.6B) exceed its short term liabilities (₹1.7B).
Long Term Liabilities: BALUFORGE's short term assets (₹6.6B) exceed its long term liabilities (₹249.4M).
Debt to Equity History and Analysis
Debt Level: BALUFORGE has more cash than its total debt.
Reducing Debt: BALUFORGE's debt to equity ratio has increased from 0% to 6% over the past 5 years.
Debt Coverage: BALUFORGE's debt is well covered by operating cash flow (359.5%).
Interest Coverage: BALUFORGE's interest payments on its debt are well covered by EBIT (45.5x coverage).