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 |
| Cash | AU$45.52m |
| Equity | AU$309.37m |
| Total liabilities | AU$155.32m |
| Total assets | AU$464.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AK7's short term assets (A$72.0M) exceed its short term liabilities (A$52.4M).
Long Term Liabilities: AK7'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: AK7 is debt free.
Reducing Debt: AK7 had no debt 5 years ago.
Debt Coverage: AK7 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AK7 has no debt, therefore coverage of interest payments is not a concern.