Happy Forgings Balance Sheet Health
Financial Health criteria checks 5/6
Happy Forgings has a total shareholder equity of ₹11.0B and total debt of ₹2.6B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are ₹14.9B and ₹3.9B respectively. Happy Forgings's EBIT is ₹3.2B making its interest coverage ratio 20.2. It has cash and short-term investments of ₹12.2M.
Key information
23.5%
Debt to equity ratio
₹2.59b
Debt
Interest coverage ratio | 20.2x |
Cash | ₹12.23m |
Equity | ₹11.03b |
Total liabilities | ₹3.86b |
Total assets | ₹14.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HAPPYFORGE's short term assets (₹5.8B) exceed its short term liabilities (₹3.2B).
Long Term Liabilities: HAPPYFORGE's short term assets (₹5.8B) exceed its long term liabilities (₹634.7M).
Debt to Equity History and Analysis
Debt Level: HAPPYFORGE's net debt to equity ratio (23.4%) 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 (84.9%).
Interest Coverage: HAPPYFORGE's interest payments on its debt are well covered by EBIT (20.2x coverage).