Happy Forgings Limited (HAPPYFORGE) — Financial Flexibility Index
Happy Forgings Limited (HAPPYFORGE) has a Financial Flexibility Index of 1.54x as of September 2024. Free cash flow of Rs5.63 Billion (operating CF Rs2.92 Billion minus capex Rs2.71 Billion) represents 2% of total liabilities (Rs3.66 Billion). Check HAPPYFORGE cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Happy Forgings Limited Financial Flexibility Index (2019–2024)
Historical Financial Flexibility Index trend for Happy Forgings Limited across 6 annual periods. For the full cash flow conversion analysis, see HAPPYFORGE operating cash flow.
Annual Financial Flexibility Index for Happy Forgings Limited (2019–2024)
Year-by-year free cash flow to debt coverage for Happy Forgings Limited. Explore HAPPYFORGE operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 1.54x | Rs5.63 Billion | Rs2.92 Billion | Rs3.66 Billion | ▲ +10.0% |
| 2023 | 1.40x | Rs3.83 Billion | Rs1.89 Billion | Rs2.73 Billion | ▲ +23.3% |
| 2022 | 1.14x | Rs3.84 Billion | Rs2.09 Billion | Rs3.38 Billion | ▲ +43.5% |
| 2021 | 0.79x | Rs2.71 Billion | Rs802.94 Million | Rs3.42 Billion | ▲ +52.3% |
| 2020 | 0.52x | Rs1.20 Billion | Rs285.91 Million | Rs2.31 Billion | ▼ -60.6% |
| 2019 | 1.32x | Rs2.70 Billion | Rs1.69 Billion | Rs2.05 Billion | — |