Balu Forge Industries Balance Sheet Health
Financial Health criteria checks 4/6
Balu Forge Industries has a total shareholder equity of ₹5.5B and total debt of ₹487.8M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are ₹7.1B and ₹1.6B respectively. Balu Forge Industries's EBIT is ₹1.2B making its interest coverage ratio 8.6. It has cash and short-term investments of ₹908.7M.
Key information
8.8%
Debt to equity ratio
₹487.75m
Debt
Interest coverage ratio | 8.6x |
Cash | ₹908.74m |
Equity | ₹5.53b |
Total liabilities | ₹1.59b |
Total assets | ₹7.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BALUFORGE's short term assets (₹4.9B) exceed its short term liabilities (₹1.3B).
Long Term Liabilities: BALUFORGE's short term assets (₹4.9B) exceed its long term liabilities (₹257.7M).
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 8.8% over the past 5 years.
Debt Coverage: BALUFORGE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BALUFORGE's interest payments on its debt are well covered by EBIT (8.6x coverage).