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
Recent updates
Hariom Pipe Industries (NSE:HARIOMPIPE) Seems To Use Debt Quite Sensibly
Aug 07
The Returns At Hariom Pipe Industries (NSE:HARIOMPIPE) Aren't Growing
Jul 16Hariom Pipe Industries' (NSE:HARIOMPIPE) Solid Earnings May Rest On Weak Foundations
May 27Hariom 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 (₹5.7B) exceed its short term liabilities (₹3.6B).
Long Term Liabilities: HARIOMPIPE's short term assets (₹5.7B) exceed its long term liabilities (₹1.2B).
Debt to Equity History and Analysis
Debt Level: HARIOMPIPE's net debt to equity ratio (60.4%) is considered high.
Reducing Debt: HARIOMPIPE's debt to equity ratio has reduced from 146.9% to 60.9% over the past 5 years.
Debt Coverage: HARIOMPIPE's debt is well covered by operating cash flow (35.5%).
Interest Coverage: HARIOMPIPE's interest payments on its debt are well covered by EBIT (3.2x coverage).