M M Forgings Balance Sheet Health
Financial Health criteria checks 4/6
M M Forgings has a total shareholder equity of ₹7.9B and total debt of ₹9.3B, which brings its debt-to-equity ratio to 118%. Its total assets and total liabilities are ₹19.7B and ₹11.8B respectively. M M Forgings's EBIT is ₹2.2B making its interest coverage ratio 6.8. It has cash and short-term investments of ₹2.1B.
Key information
118.0%
Debt to equity ratio
₹9.31b
Debt
| Interest coverage ratio | 6.8x |
| Cash | ₹2.10b |
| Equity | ₹7.89b |
| Total liabilities | ₹11.79b |
| Total assets | ₹19.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522241's short term assets (₹8.7B) exceed its short term liabilities (₹7.4B).
Long Term Liabilities: 522241's short term assets (₹8.7B) exceed its long term liabilities (₹4.4B).
Debt to Equity History and Analysis
Debt Level: 522241's net debt to equity ratio (91.4%) is considered high.
Reducing Debt: 522241's debt to equity ratio has reduced from 161.7% to 118% over the past 5 years.
Debt Coverage: 522241's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 522241's interest payments on its debt are well covered by EBIT (6.8x coverage).