Alankit Balance Sheet Health
Financial Health criteria checks 6/6
Alankit has a total shareholder equity of ₹3.1B and total debt of ₹328.1M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are ₹4.7B and ₹1.7B respectively. Alankit's EBIT is ₹208.9M making its interest coverage ratio -2.5. It has cash and short-term investments of ₹651.8M.
Key information
10.6%
Debt to equity ratio
₹328.06m
Debt
| Interest coverage ratio | -2.5x |
| Cash | ₹651.83m |
| Equity | ₹3.08b |
| Total liabilities | ₹1.65b |
| Total assets | ₹4.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531082's short term assets (₹2.5B) exceed its short term liabilities (₹1.6B).
Long Term Liabilities: 531082's short term assets (₹2.5B) exceed its long term liabilities (₹93.4M).
Debt to Equity History and Analysis
Debt Level: 531082 has more cash than its total debt.
Reducing Debt: 531082's debt to equity ratio has reduced from 15.8% to 10.6% over the past 5 years.
Debt Coverage: 531082's debt is well covered by operating cash flow (54.2%).
Interest Coverage: 531082 earns more interest than it pays, so coverage of interest payments is not a concern.