Hariom Pipe Industries Balance Sheet Health
Financial Health criteria checks 4/6
Hariom Pipe Industries has a total shareholder equity of ₹4.1B and total debt of ₹4.1B, which brings its debt-to-equity ratio to 102.1%. Its total assets and total liabilities are ₹8.6B and ₹4.5B respectively. Hariom Pipe Industries's EBIT is ₹1.0B making its interest coverage ratio 3.9. It has cash and short-term investments of ₹22.7M.
Key information
102.1%
Debt to equity ratio
₹4.14b
Debt
Interest coverage ratio | 3.9x |
Cash | ₹22.69m |
Equity | ₹4.05b |
Total liabilities | ₹4.54b |
Total assets | ₹8.59b |
Recent financial health updates
No updates
Recent updates
Hariom Pipe Industries Limited (NSE:HARIOMPIPE) Looks Just Right With A 28% Price Jump
Apr 13Do Hariom Pipe Industries' (NSE:HARIOMPIPE) Earnings Warrant Your Attention?
Apr 04Hariom Pipe Industries (NSE:HARIOMPIPE) Might Be Having Difficulty Using Its Capital Effectively
Nov 13Hariom Pipe Industries (NSE:HARIOMPIPE) May Have Issues Allocating Its Capital
Jun 02Market Participants Recognise Hariom Pipe Industries Limited's (NSE:HARIOMPIPE) Earnings Pushing Shares 26% Higher
Feb 13Financial Position Analysis
Short Term Liabilities: HARIOMPIPE's short term assets (₹4.8B) exceed its short term liabilities (₹3.1B).
Long Term Liabilities: HARIOMPIPE's short term assets (₹4.8B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: HARIOMPIPE's net debt to equity ratio (101.6%) is considered high.
Reducing Debt: HARIOMPIPE's debt to equity ratio has reduced from 153.8% to 102.1% over the past 5 years.
Debt Coverage: HARIOMPIPE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HARIOMPIPE's interest payments on its debt are well covered by EBIT (3.9x coverage).