M M Forgings Balance Sheet Health
Financial Health criteria checks 4/6
M M Forgings has a total shareholder equity of ₹8.5B and total debt of ₹11.7B, which brings its debt-to-equity ratio to 137%. Its total assets and total liabilities are ₹22.8B and ₹14.3B respectively. M M Forgings's EBIT is ₹2.2B making its interest coverage ratio 5.5. It has cash and short-term investments of ₹2.2B.
Key information
137.0%
Debt to equity ratio
₹11.67b
Debt
| Interest coverage ratio | 5.5x |
| Cash | ₹2.18b |
| Equity | ₹8.52b |
| Total liabilities | ₹14.27b |
| Total assets | ₹22.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522241's short term assets (₹9.9B) exceed its short term liabilities (₹7.3B).
Long Term Liabilities: 522241's short term assets (₹9.9B) exceed its long term liabilities (₹7.0B).
Debt to Equity History and Analysis
Debt Level: 522241's net debt to equity ratio (111.4%) is considered high.
Reducing Debt: 522241's debt to equity ratio has reduced from 141.7% to 137% over the past 5 years.
Debt Coverage: 522241's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: 522241's interest payments on its debt are well covered by EBIT (5.5x coverage).