Happy Forgings Limited (HAPPYFORGE) - Total Liabilities

Latest as of September 2025: Rs3.41 Billion INR ≈ $36.93 Million USD

Based on the latest financial reports, Happy Forgings Limited (HAPPYFORGE) has total liabilities worth Rs3.41 Billion INR (≈ $36.93 Million USD) as of September 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore Happy Forgings Limited (HAPPYFORGE) cash conversion ratio to assess how effectively this company generates cash.

Happy Forgings Limited - Total Liabilities Trend (2019–2024)

This chart illustrates how Happy Forgings Limited's total liabilities have evolved over time, based on quarterly financial data. Check how resilient are Happy Forgings Limited's assets to evaluate the company's liquid asset resilience ratio.

Happy Forgings Limited Competitors by Total Liabilities

The table below lists competitors of Happy Forgings Limited ranked by their total liabilities.

Company	Country	Total Liabilities
Chongqing Department Store Co Ltd SHG:600729	China	CN¥11.41 Billion
NÜRNBERGER Beteiligungs-AG F:NBG6	Germany	€35.73 Billion
Inno Laser Technology Co. Ltd. SHE:301021	China	CN¥213.92 Million
RONESANS GAYRIMENKUL YAT. IS:RGYAS	Turkey	TL32.47 Billion
Sinopep-Allsino Biopharmaceutical Co. Ltd. A SHG:688076	China	CN¥3.56 Billion
Country Garden Holdings Company Limited F:DZJ	Germany	€767.86 Billion
Jiangxi GETO New Materials Corporation Limited SHE:300986	China	CN¥3.72 Billion
Guangdong CHJ Industry Co Ltd SHE:002345	China	CN¥2.66 Billion

Liability Composition Analysis (2019–2024)

This chart breaks down Happy Forgings Limited's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see HAPPYFORGE stock market capitalisation.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	3.15	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	N/A	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	0.17	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.15	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Happy Forgings Limited's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Happy Forgings Limited (2019–2024)

The table below shows the annual total liabilities of Happy Forgings Limited from 2019 to 2024.

Year	Total Liabilities	Change
2024-09-30	Rs3.66 Billion ≈ $39.55 Million	+33.72%
2023-09-30	Rs2.73 Billion ≈ $29.57 Million	-19.06%
2022-09-30	Rs3.38 Billion ≈ $36.54 Million	-1.28%
2021-09-30	Rs3.42 Billion ≈ $37.01 Million	+48.01%
2020-09-30	Rs2.31 Billion ≈ $25.01 Million	+13.05%
2019-09-30	Rs2.05 Billion ≈ $22.12 Million	--

About Happy Forgings Limited

NSE:HAPPYFORGE India Metal Fabrication

Market Cap

$1.38 Billion

Rs127.15 Billion INR

Market Cap Rank

#7723 Global

#358 in India

Share Price

Rs1348.00

Change (1 day)

+3.59%

52-Week Range

Rs783.90 - Rs1349.50

All Time High

Rs1349.50