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.