Alankit Balance Sheet Health
Financial Health criteria checks 5/6
Alankit has a total shareholder equity of ₹1.9B and total debt of ₹128.9M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are ₹3.2B and ₹1.3B respectively. Alankit's EBIT is ₹137.5M making its interest coverage ratio -2.8. It has cash and short-term investments of ₹242.2M.
Key information
6.8%
Debt to equity ratio
₹128.95m
Debt
Interest coverage ratio | -2.8x |
Cash | ₹242.20m |
Equity | ₹1.90b |
Total liabilities | ₹1.34b |
Total assets | ₹3.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 531082's short term assets (₹1.8B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: 531082's short term assets (₹1.8B) exceed its long term liabilities (₹181.9M).
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 15.7% to 6.8% over the past 5 years.
Debt Coverage: 531082's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531082 earns more interest than it pays, so coverage of interest payments is not a concern.