Happy Forgings Balance Sheet Health
Financial Health criteria checks 5/6
Happy Forgings has a total shareholder equity of ₹17.1B and total debt of ₹1.5B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ₹20.2B and ₹3.1B respectively. Happy Forgings's EBIT is ₹3.2B making its interest coverage ratio -387.7. It has cash and short-term investments of ₹925.5M.
Key information
8.7%
Debt to equity ratio
₹1.49b
Debt
| Interest coverage ratio | -387.7x |
| Cash | ₹925.52m |
| Equity | ₹17.11b |
| Total liabilities | ₹3.09b |
| Total assets | ₹20.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HAPPYFORGE's short term assets (₹8.0B) exceed its short term liabilities (₹2.7B).
Long Term Liabilities: HAPPYFORGE's short term assets (₹8.0B) exceed its long term liabilities (₹341.8M).
Debt to Equity History and Analysis
Debt Level: HAPPYFORGE's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HAPPYFORGE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HAPPYFORGE's debt is well covered by operating cash flow (149.3%).
Interest Coverage: HAPPYFORGE earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 13:03 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Happy Forgings Limited is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mihir Vora | Equirus Securities Private Limited |
| Vivek Kumar | JM Financial Institutional Securities Limited |
| Ronak Mehta | JM Financial Institutional Securities Limited |