Maiden Forgings Balance Sheet Health
Financial Health criteria checks 3/6
Maiden Forgings has a total shareholder equity of ₹687.3M and total debt of ₹616.6M, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are ₹1.4B and ₹751.5M respectively. Maiden Forgings's EBIT is ₹186.0M making its interest coverage ratio 1068.9. It has cash and short-term investments of ₹34.0M.
Key information
89.7%
Debt to equity ratio
₹616.64m
Debt
Interest coverage ratio | 1068.9x |
Cash | ₹34.00m |
Equity | ₹687.31m |
Total liabilities | ₹751.45m |
Total assets | ₹1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 543874's short term assets (₹1.1B) exceed its short term liabilities (₹585.0M).
Long Term Liabilities: 543874's short term assets (₹1.1B) exceed its long term liabilities (₹166.5M).
Debt to Equity History and Analysis
Debt Level: 543874's net debt to equity ratio (84.8%) is considered high.
Reducing Debt: Insufficient data to determine if 543874's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 543874's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: 543874's interest payments on its debt are well covered by EBIT (1068.9x coverage).