Happy Forgings Limited (HAPPYFORGE) - Total Liabilities
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. Also explore Happy Forgings Limited equity growth rate to track the company's year-over-year net asset growth rate.
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. See Happy Forgings Limited free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
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 |
|---|---|---|
|
PowerTECH Co. Ltd. A
SHE:301369
|
China | CN¥139.36 Million |
|
Bank of Chongqing Co Ltd
F:CQN
|
Germany | €967.73 Billion |
|
FLEX LNG Ltd
NYSE:FLNG
|
USA | $1.90 Billion |
|
Syndax Pharmaceuticals Inc
NASDAQ:SNDX
|
USA | $431.05 Million |
|
MicroPort Endovascular MedTech Ltd
SHG:688016
|
China | CN¥554.42 Million |
|
Taysha Gene Therapies Inc
NASDAQ:TSHA
|
USA | $88.41 Million |
|
JBM Auto Limited
NSE:JBMA
|
India | Rs57.78 Billion |
|
Baoding Lucky Innovative Materials Co Ltd
SHE:300446
|
China | CN¥4.71 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 how much is Happy Forgings Limited worth.
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 |
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About Happy Forgings Limited
Happy Forgings Limited manufactures and sells forgings and related components in India and internationally. The company offers crankshafts; differential cases; front axle beams and steering knuckles; railway parts, including camshafts, connecting rods, piston pins, spacers, and others; brake flanges and suspension brackets; transmission parts, such as shafts and spindles, crown wheels and pinions… Read more