Happy Forgings Limited Cash Flow Quality Index
Happy Forgings Limited cash flow quality index. Happy Forgings Limited (HAPPYFORGE) has a Cash Flow Quality Index of 0.60x as of September 2022. Operating cash flow of Rs350.45 Million is below net income of Rs581.99 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore HAPPYFORGE debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Happy Forgings Limited (2019–2024)
Cash flow quality index of Happy Forgings Limited from 2019 to 2024. Historical Cash Flow Quality Index for Happy Forgings Limited across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. See Happy Forgings Limited balance sheet quality to measure how much of total assets are equity-financed.
Happy Forgings Limited Cash Flow Quality Index by Year (2019–2024)
Happy Forgings Limited cash flow quality index by year from 2019 to 2024. Year-by-year earnings quality comparison for Happy Forgings Limited. For the full cash flow conversion analysis, see Happy Forgings Limited operating cash flow efficiency.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.09x | Rs2.92 Billion | Rs2.67 Billion | ▲ +40.5% |
| 2023 | 0.78x | Rs1.89 Billion | Rs2.43 Billion | ▼ -22.5% |
| 2022 | 1.00x | Rs2.09 Billion | Rs2.09 Billion | ▲ +77.9% |
| 2021 | 0.56x | Rs802.94 Million | Rs1.42 Billion | ▲ +70.6% |
| 2020 | 0.33x | Rs285.91 Million | Rs864.48 Million | ▼ -84.3% |
| 2019 | 2.11x | Rs1.69 Billion | Rs799.41 Million | — |