Alkane Resources Balance Sheet Health

Financial Health criteria checks 5/6

Alkane Resources has a total shareholder equity of A$309.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$464.7M and A$155.3M respectively. Alkane Resources's EBIT is A$23.6M making its interest coverage ratio -23.4. It has cash and short-term investments of A$45.5M.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ratio-23.4x
CashAU$45.52m
EquityAU$309.37m
Total liabilitiesAU$155.32m
Total assetsAU$464.70m

Recent financial health updates

Recent updates

Alkane Resources Ltd's (ASX:ALK) Shares Leap 26% Yet They're Still Not Telling The Full Story

Oct 17
Alkane Resources Ltd's (ASX:ALK) Shares Leap 26% Yet They're Still Not Telling The Full Story

Alkane Resources Limited (ASX:ALK) Doing What It Can To Lift Shares

May 02
Alkane Resources Limited (ASX:ALK) Doing What It Can To Lift Shares

We Think Some Shareholders May Hesitate To Increase Alkane Resources Limited's (ASX:ALK) CEO Compensation

Nov 14
We Think Some Shareholders May Hesitate To Increase Alkane Resources Limited's (ASX:ALK) CEO Compensation

Increases to CEO Compensation Might Be Put On Hold For Now at Alkane Resources Limited (ASX:ALK)

Nov 21
Increases to CEO Compensation Might Be Put On Hold For Now at Alkane Resources Limited (ASX:ALK)

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Alkane Resources Limited's (ASX:ALK) CEO For Now

Nov 10
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Alkane Resources Limited's (ASX:ALK) CEO For Now

These 4 Measures Indicate That Alkane Resources (ASX:ALK) Is Using Debt Reasonably Well

Mar 25
These 4 Measures Indicate That Alkane Resources (ASX:ALK) Is Using Debt Reasonably Well

How Many Alkane Resources Limited (ASX:ALK) Shares Have Insiders Sold, In The Last Year?

Mar 07
How Many Alkane Resources Limited (ASX:ALK) Shares Have Insiders Sold, In The Last Year?

Does Alkane Resources' (ASX:ALK) Statutory Profit Adequately Reflect Its Underlying Profit?

Feb 18
Does Alkane Resources' (ASX:ALK) Statutory Profit Adequately Reflect Its Underlying Profit?

What Can We Conclude About Alkane Resources' (ASX:ALK) CEO Pay?

Feb 02
What Can We Conclude About Alkane Resources' (ASX:ALK) CEO Pay?

Shareholders of Alkane Resources (ASX:ALK) Must Be Delighted With Their 370% Total Return

Jan 18
Shareholders of Alkane Resources (ASX:ALK) Must Be Delighted With Their 370% Total Return

What Kind Of Investors Own Most Of Alkane Resources Limited (ASX:ALK)?

Jan 03
What Kind Of Investors Own Most Of Alkane Resources Limited (ASX:ALK)?

Alkane Resources Limited's (ASX:ALK) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

Dec 19
Alkane Resources Limited's (ASX:ALK) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

How Many Alkane Resources Limited (ASX:ALK) Shares Have Insiders Sold, In The Last Year?

Dec 06
How Many Alkane Resources Limited (ASX:ALK) Shares Have Insiders Sold, In The Last Year?

Here's Why Alkane Resources (ASX:ALK) Can Manage Its Debt Responsibly

Nov 23
Here's Why Alkane Resources (ASX:ALK) Can Manage Its Debt Responsibly

Subdued Growth No Barrier To Alkane Resources Limited's (ASX:ALK) Price

Jul 06
Subdued Growth No Barrier To Alkane Resources Limited's (ASX:ALK) Price

Financial Position Analysis

Short Term Liabilities: ALK's short term assets (A$72.0M) exceed its short term liabilities (A$52.4M).

Long Term Liabilities: ALK's short term assets (A$72.0M) do not cover its long term liabilities (A$103.0M).


Debt to Equity History and Analysis

Debt Level: ALK is debt free.

Reducing Debt: ALK had no debt 5 years ago.

Debt Coverage: ALK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ALK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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