Ramkrishna Forgings Balance Sheet Health
Financial Health criteria checks 5/6
Ramkrishna Forgings has a total shareholder equity of ₹15.4B and total debt of ₹15.6B, which brings its debt-to-equity ratio to 101.1%. Its total assets and total liabilities are ₹44.8B and ₹29.4B respectively. Ramkrishna Forgings's EBIT is ₹5.9B making its interest coverage ratio 5.1. It has cash and short-term investments of ₹653.9M.
Key information
101.1%
Debt to equity ratio
₹15.61b
Debt
Interest coverage ratio | 5.1x |
Cash | ₹653.93m |
Equity | ₹15.45b |
Total liabilities | ₹29.37b |
Total assets | ₹44.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 532527's short term assets (₹21.6B) exceed its short term liabilities (₹18.8B).
Long Term Liabilities: 532527's short term assets (₹21.6B) exceed its long term liabilities (₹10.6B).
Debt to Equity History and Analysis
Debt Level: 532527's net debt to equity ratio (96.9%) is considered high.
Reducing Debt: 532527's debt to equity ratio has reduced from 106% to 101.1% over the past 5 years.
Debt Coverage: 532527's debt is well covered by operating cash flow (43.8%).
Interest Coverage: 532527's interest payments on its debt are well covered by EBIT (5.1x coverage).