Ramkrishna Forgings Balance Sheet Health
Financial Health criteria checks 5/6
Ramkrishna Forgings has a total shareholder equity of ₹29.4B and total debt of ₹14.0B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are ₹59.6B and ₹30.1B respectively. Ramkrishna Forgings's EBIT is ₹6.3B making its interest coverage ratio 6. It has cash and short-term investments of ₹811.8M.
Key information
47.6%
Debt to equity ratio
₹14.00b
Debt
| Interest coverage ratio | 6x |
| Cash | ₹811.78m |
| Equity | ₹29.42b |
| Total liabilities | ₹30.13b |
| Total assets | ₹59.55b |
Recent financial health updates
Is Ramkrishna Forgings (NSE:RKFORGE) Using Too Much Debt?
Jun 10
Does Ramkrishna Forgings (NSE:RKFORGE) Have A Healthy Balance Sheet?
Jul 18Recent updates
Investors Met With Slowing Returns on Capital At Ramkrishna Forgings (NSE:RKFORGE)
Nov 18Ramkrishna Forgings (NSE:RKFORGE) Is Paying Out A Dividend Of ₹1.00
Oct 28Ramkrishna Forgings Limited's (NSE:RKFORGE) Share Price Not Quite Adding Up
Oct 06With EPS Growth And More, Ramkrishna Forgings (NSE:RKFORGE) Makes An Interesting Case
Sep 15Ramkrishna Forgings Limited's (NSE:RKFORGE) CEO Will Probably Have Their Compensation Approved By Shareholders
Aug 25Optimistic Investors Push Ramkrishna Forgings Limited (NSE:RKFORGE) Shares Up 26% But Growth Is Lacking
Jun 23Is Ramkrishna Forgings (NSE:RKFORGE) Using Too Much Debt?
Jun 10We Think That There Are Issues Underlying Ramkrishna Forgings' (NSE:RKFORGE) Earnings
May 10Industry Analysts Just Made A Meaningful Upgrade To Their Ramkrishna Forgings Limited (NSE:RKFORGE) Revenue Forecasts
May 08Ramkrishna Forgings Limited Just Recorded A 12% Revenue Beat: Here's What Analysts Think
May 05Should You Be Adding Ramkrishna Forgings (NSE:RKFORGE) To Your Watchlist Today?
Apr 10Investors Still Waiting For A Pull Back In Ramkrishna Forgings Limited (NSE:RKFORGE)
Feb 11Ramkrishna Forgings (NSE:RKFORGE) Is Increasing Its Dividend To ₹1.00
Oct 22We Think Ramkrishna Forgings (NSE:RKFORGE) Might Have The DNA Of A Multi-Bagger
Oct 13Ramkrishna Forgings Limited's (NSE:RKFORGE) CEO Looks Like They Deserve Their Pay Packet
Sep 10Here's Why Ramkrishna Forgings (NSE:RKFORGE) Has Caught The Eye Of Investors
Aug 08Does Ramkrishna Forgings (NSE:RKFORGE) Have A Healthy Balance Sheet?
Jul 18Ramkrishna Forgings (NSE:RKFORGE) Is Achieving High Returns On Its Capital
May 30Ramkrishna Forgings (NSE:RKFORGE) Is Due To Pay A Dividend Of ₹0.50
Jan 24Ramkrishna Forgings (NSE:RKFORGE) Is Due To Pay A Dividend Of ₹0.50
Oct 30Ramkrishna Forgings (NSE:RKFORGE) Is Due To Pay A Dividend Of ₹0.50
Jul 24Here's Why Ramkrishna Forgings (NSE:RKFORGE) Has Caught The Eye Of Investors
Jul 22Ramkrishna Forgings (NSE:RKFORGE) Is Experiencing Growth In Returns On Capital
Jun 28Ramkrishna Forgings (NSE:RKFORGE) Is Experiencing Growth In Returns On Capital
Feb 25Financial Position Analysis
Short Term Liabilities: RKFORGE's short term assets (₹26.1B) exceed its short term liabilities (₹18.9B).
Long Term Liabilities: RKFORGE's short term assets (₹26.1B) exceed its long term liabilities (₹11.2B).
Debt to Equity History and Analysis
Debt Level: RKFORGE's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: RKFORGE's debt to equity ratio has reduced from 96.3% to 47.6% over the past 5 years.
Debt Coverage: RKFORGE's debt is well covered by operating cash flow (25.4%).
Interest Coverage: RKFORGE's interest payments on its debt are well covered by EBIT (6x coverage).