Hariom Pipe Industries Balance Sheet Health
Financial Health criteria checks 5/6
Hariom Pipe Industries has a total shareholder equity of ₹5.5B and total debt of ₹3.3B, which brings its debt-to-equity ratio to 60.9%. Its total assets and total liabilities are ₹10.3B and ₹4.8B respectively. Hariom Pipe Industries's EBIT is ₹1.2B making its interest coverage ratio 3.2. It has cash and short-term investments of ₹23.5M.
Key information
60.9%
Debt to equity ratio
₹3.35b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹23.55m |
| Equity | ₹5.50b |
| Total liabilities | ₹4.76b |
| Total assets | ₹10.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543517's short term assets (₹5.7B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: 543517's short term assets (₹5.7B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: 543517's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: 543517's debt to equity ratio has reduced from 146.9% to 60.9% over the past 5 years.
Debt Coverage: 543517's debt is well covered by operating cash flow (35.5%).
Interest Coverage: 543517's interest payments on its debt are well covered by EBIT (3.2x coverage).