M M Forgings Balance Sheet Health
Financial Health criteria checks 5/6
M M Forgings has a total shareholder equity of ₹7.4B and total debt of ₹8.0B, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are ₹17.3B and ₹10.0B respectively. M M Forgings's EBIT is ₹2.0B making its interest coverage ratio 7.2. It has cash and short-term investments of ₹2.3B.
Key information
108.5%
Debt to equity ratio
₹8.01b
Debt
| Interest coverage ratio | 7.2x |
| Cash | ₹2.26b |
| Equity | ₹7.38b |
| Total liabilities | ₹9.97b |
| Total assets | ₹17.35b |
Recent financial health updates
These 4 Measures Indicate That M M Forgings (NSE:MMFL) Is Using Debt Extensively
Feb 20
Is M M Forgings (NSE:MMFL) A Risky Investment?
Mar 23Here's Why M M Forgings (NSE:MMFL) Is Weighed Down By Its Debt Load
Dec 20
Recent updates
M M Forgings Limited (NSE:MMFL) Soars 32% But It's A Story Of Risk Vs Reward
Apr 27These 4 Measures Indicate That M M Forgings (NSE:MMFL) Is Using Debt Extensively
Feb 20Investors Holding Back On M M Forgings Limited (NSE:MMFL)
Dec 19Should You Be Adding M M Forgings (NSE:MMFL) To Your Watchlist Today?
Jul 23Is M M Forgings (NSE:MMFL) A Risky Investment?
Mar 23Is Now The Time To Put M M Forgings (NSE:MMFL) On Your Watchlist?
Feb 09M M Forgings (NSE:MMFL) Could Be Struggling To Allocate Capital
Oct 12Increases to M M Forgings Limited's (NSE:MMFL) CEO Compensation Might Cool off for now
Sep 06Be Wary Of M M Forgings (NSE:MMFL) And Its Returns On Capital
Jun 22Could The M M Forgings Limited (NSE:MMFL) Ownership Structure Tell Us Something Useful?
Mar 15Has M M Forgings (NSE:MMFL) Got What It Takes To Become A Multi-Bagger?
Feb 25Estimating The Fair Value Of M M Forgings Limited (NSE:MMFL)
Feb 10With A 2.6% Return On Equity, Is M M Forgings Limited (NSE:MMFL) A Quality Stock?
Jan 28Announcing: M M Forgings (NSE:MMFL) Stock Increased An Energizing 106% In The Last Five Years
Jan 15We Think M M Forgings's (NSE:MMFL) Statutory Profit Might Understate Its Earnings Potential
Jan 02Here's Why M M Forgings (NSE:MMFL) Is Weighed Down By Its Debt Load
Dec 20Should You Buy M M Forgings Limited (NSE:MMFL) For Its 1.1% Dividend?
Dec 06What Percentage Of M M Forgings Limited (NSE:MMFL) Shares Do Insiders Own?
Nov 23A Quick Analysis On M M Forgings' (NSE:MMFL) CEO Salary
Nov 10Is M M Forgings Limited's (NSE:MMFL) ROE Of 4.1% Concerning?
Oct 28Has M M Forgings (NSE:MMFL) Got What It Takes To Become A Multi-Bagger?
Oct 13What To Know Before Buying M M Forgings Limited (NSE:MMFL) For Its Dividend
Jun 25Financial Position Analysis
Short Term Liabilities: MMFL's short term assets (₹7.5B) exceed its short term liabilities (₹5.8B).
Long Term Liabilities: MMFL's short term assets (₹7.5B) exceed its long term liabilities (₹4.1B).
Debt to Equity History and Analysis
Debt Level: MMFL's net debt to equity ratio (78%) is considered high.
Reducing Debt: MMFL's debt to equity ratio has reduced from 156.5% to 108.5% over the past 5 years.
Debt Coverage: MMFL's debt is well covered by operating cash flow (20.4%).
Interest Coverage: MMFL's interest payments on its debt are well covered by EBIT (7.2x coverage).