ideaForge Technology Balance Sheet Health
Financial Health criteria checks 4/6
ideaForge Technology has a total shareholder equity of ₹6.3B and total debt of ₹135.5M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ₹7.1B and ₹771.6M respectively. ideaForge Technology's EBIT is ₹226.4M making its interest coverage ratio 47.5. It has cash and short-term investments of ₹3.4B.
Key information
2.1%
Debt to equity ratio
₹135.48m
Debt
Interest coverage ratio | 47.5x |
Cash | ₹3.39b |
Equity | ₹6.31b |
Total liabilities | ₹771.63m |
Total assets | ₹7.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDEAFORGE's short term assets (₹5.9B) exceed its short term liabilities (₹638.8M).
Long Term Liabilities: IDEAFORGE's short term assets (₹5.9B) exceed its long term liabilities (₹132.8M).
Debt to Equity History and Analysis
Debt Level: IDEAFORGE has more cash than its total debt.
Reducing Debt: Insufficient data to determine if IDEAFORGE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IDEAFORGE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IDEAFORGE's interest payments on its debt are well covered by EBIT (47.5x coverage).