Ramkrishna Forgings Balance Sheet Health
Financial Health criteria checks 5/6
Ramkrishna Forgings has a total shareholder equity of ₹29.4B and total debt of ₹14.0B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are ₹59.6B and ₹30.1B respectively. Ramkrishna Forgings's EBIT is ₹6.3B making its interest coverage ratio 6. It has cash and short-term investments of ₹811.8M.
Key information
47.6%
Debt to equity ratio
₹14.00b
Debt
| Interest coverage ratio | 6x |
| Cash | ₹811.78m |
| Equity | ₹29.42b |
| Total liabilities | ₹30.13b |
| Total assets | ₹59.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532527's short term assets (₹26.1B) exceed its short term liabilities (₹18.9B).
Long Term Liabilities: 532527's short term assets (₹26.1B) exceed its long term liabilities (₹11.2B).
Debt to Equity History and Analysis
Debt Level: 532527's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: 532527's debt to equity ratio has reduced from 96.3% to 47.6% over the past 5 years.
Debt Coverage: 532527's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 532527's interest payments on its debt are well covered by EBIT (6x coverage).