This company has been acquired
Allkem Balance Sheet Health
Financial Health criteria checks 4/6
Allkem has a total shareholder equity of $3.6B and total debt of $274.3M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $5.2B and $1.6B respectively. Allkem's EBIT is $811.0M making its interest coverage ratio -13.8. It has cash and short-term investments of $821.4M.
Key information
7.7%
Debt to equity ratio
US$274.28m
Debt
Interest coverage ratio | -13.8x |
Cash | US$821.43m |
Equity | US$3.57b |
Total liabilities | US$1.64b |
Total assets | US$5.22b |
Recent financial health updates
Here's Why Allkem (ASX:AKE) Can Manage Its Debt Responsibly
Dec 04Does Allkem (ASX:AKE) Have A Healthy Balance Sheet?
Sep 04Allkem (ASX:AKE) Has A Pretty Healthy Balance Sheet
Mar 23These 4 Measures Indicate That Allkem (ASX:AKE) Is Using Debt Reasonably Well
Nov 26Recent updates
Here's Why Allkem (ASX:AKE) Can Manage Its Debt Responsibly
Dec 04Is Allkem Limited (ASX:AKE) Trading At A 24% Discount?
Nov 01Here's Why We Think Allkem (ASX:AKE) Is Well Worth Watching
Oct 14Does Allkem (ASX:AKE) Have A Healthy Balance Sheet?
Sep 04Allkem Limited's (ASX:AKE) Intrinsic Value Is Potentially 50% Above Its Share Price
Jul 12Allkem (ASX:AKE) Has A Pretty Healthy Balance Sheet
Mar 23These 4 Measures Indicate That Allkem (ASX:AKE) Is Using Debt Reasonably Well
Nov 26Is Allkem (ASX:AKE) Using Too Much Debt?
Mar 28Estimating The Fair Value Of Allkem Limited (ASX:AKE)
Feb 21Does Allkem (ASX:AKE) Have A Healthy Balance Sheet?
Dec 28Here's Why Orocobre Limited's (ASX:ORE) CEO Compensation Is The Least Of Shareholders' Concerns
Nov 23Financial Position Analysis
Short Term Liabilities: AKE's short term assets ($1.1B) exceed its short term liabilities ($445.8M).
Long Term Liabilities: AKE's short term assets ($1.1B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: AKE has more cash than its total debt.
Reducing Debt: AKE's debt to equity ratio has increased from 0.1% to 7.7% over the past 5 years.
Debt Coverage: AKE's debt is well covered by operating cash flow (288.4%).
Interest Coverage: AKE earns more interest than it pays, so coverage of interest payments is not a concern.