Hariom Pipe Industries Balance Sheet Health
Financial Health criteria checks 3/6
Hariom Pipe Industries has a total shareholder equity of ₹4.6B and total debt of ₹3.7B, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are ₹8.8B and ₹4.2B respectively. Hariom Pipe Industries's EBIT is ₹1.1B making its interest coverage ratio 2.9. It has cash and short-term investments of ₹317.9M.
Key information
80.2%
Debt to equity ratio
₹3.72b
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₹317.90m |
| Equity | ₹4.64b |
| Total liabilities | ₹4.16b |
| Total assets | ₹8.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543517's short term assets (₹4.8B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: 543517's short term assets (₹4.8B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: 543517's net debt to equity ratio (73.3%) is considered high.
Reducing Debt: 543517's debt to equity ratio has reduced from 150.5% to 80.2% over the past 5 years.
Debt Coverage: 543517's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: 543517's interest payments on its debt are not well covered by EBIT (2.9x coverage).