Alkermes Balance Sheet Health
Financial Health criteria checks 5/6
Alkermes has a total shareholder equity of $1.2B and total debt of $290.7M, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are $2.1B and $933.5M respectively. Alkermes's EBIT is $420.1M making its interest coverage ratio -53.7. It has cash and short-term investments of $773.5M.
Key information
24.2%
Debt to equity ratio
US$290.73m
Debt
Interest coverage ratio | -53.7x |
Cash | US$773.49m |
Equity | US$1.20b |
Total liabilities | US$933.54m |
Total assets | US$2.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8AK's short term assets ($1.5B) exceed its short term liabilities ($520.2M).
Long Term Liabilities: 8AK's short term assets ($1.5B) exceed its long term liabilities ($413.3M).
Debt to Equity History and Analysis
Debt Level: 8AK has more cash than its total debt.
Reducing Debt: 8AK's debt to equity ratio has increased from 23.8% to 24.2% over the past 5 years.
Debt Coverage: 8AK's debt is well covered by operating cash flow (138.1%).
Interest Coverage: 8AK earns more interest than it pays, so coverage of interest payments is not a concern.