Hariom Pipe Industries Balance Sheet Health
Financial Health criteria checks 4/6
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 79.9%. Its total assets and total liabilities are ₹8.8B and ₹4.2B respectively. Hariom Pipe Industries's EBIT is ₹1.0B making its interest coverage ratio 3.2. It has cash and short-term investments of ₹317.9M.
Key information
79.9%
Debt to equity ratio
₹3.71b
Debt
Interest coverage ratio | 3.2x |
Cash | ₹317.90m |
Equity | ₹4.64b |
Total liabilities | ₹4.16b |
Total assets | ₹8.80b |
Recent financial health updates
No updates
Recent updates
Hariom 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 (₹4.8B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: HARIOMPIPE's short term assets (₹4.8B) exceed its long term liabilities (₹1.3B).
Debt to Equity History and Analysis
Debt Level: HARIOMPIPE's net debt to equity ratio (73.1%) is considered high.
Reducing Debt: HARIOMPIPE's debt to equity ratio has reduced from 154.7% to 79.9% over the past 5 years.
Debt Coverage: HARIOMPIPE's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: HARIOMPIPE's interest payments on its debt are well covered by EBIT (3.2x coverage).