Alankit Balance Sheet Health
Financial Health criteria checks 6/6
Alankit has a total shareholder equity of ₹3.0B and total debt of ₹436.4M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are ₹5.3B and ₹2.3B respectively. Alankit's EBIT is ₹160.3M making its interest coverage ratio 14.3. It has cash and short-term investments of ₹700.9M.
Key information
14.7%
Debt to equity ratio
₹436.36m
Debt
Interest coverage ratio | 14.3x |
Cash | ₹700.86m |
Equity | ₹2.97b |
Total liabilities | ₹2.34b |
Total assets | ₹5.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531082's short term assets (₹2.6B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: 531082's short term assets (₹2.6B) exceed its long term liabilities (₹92.4M).
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 18.1% to 14.7% over the past 5 years.
Debt Coverage: 531082's debt is well covered by operating cash flow (22%).
Interest Coverage: 531082's interest payments on its debt are well covered by EBIT (14.3x coverage).