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
Here's Why Alankit (NSE:ALANKIT) Can Manage Its Debt Responsibly
Mar 28
Alankit (NSE:ALANKIT) Has A Somewhat Strained Balance Sheet
Sep 12We Think Alankit (NSE:ALANKIT) Can Stay On Top Of Its Debt
May 11Alankit (NSE:ALANKIT) Has A Somewhat Strained Balance Sheet
Dec 31Does Alankit (NSE:ALANKIT) Have A Healthy Balance Sheet?
Jul 07Alankit (NSE:ALANKIT) Has A Somewhat Strained Balance Sheet
Jan 26Recent updates
Here's Why Alankit (NSE:ALANKIT) Can Manage Its Debt Responsibly
Mar 28Returns On Capital At Alankit (NSE:ALANKIT) Paint A Concerning Picture
Feb 24Even With A 41% Surge, Cautious Investors Are Not Rewarding Alankit Limited's (NSE:ALANKIT) Performance Completely
Jan 10Investors Could Be Concerned With Alankit's (NSE:ALANKIT) Returns On Capital
Nov 09Alankit (NSE:ALANKIT) Has A Somewhat Strained Balance Sheet
Sep 12Alankit (NSE:ALANKIT) Might Be Having Difficulty Using Its Capital Effectively
Jul 05We Think Alankit (NSE:ALANKIT) Can Stay On Top Of Its Debt
May 11Alankit's (NSE:ALANKIT) Dividend Will Be ₹0.20
Sep 07Alankit (NSE:ALANKIT) Will Pay A Dividend Of ₹0.20
Aug 13Investors Could Be Concerned With Alankit's (NSE:ALANKIT) Returns On Capital
Apr 06Alankit (NSE:ALANKIT) Has A Somewhat Strained Balance Sheet
Dec 31Alankit's (NSE:ALANKIT) Returns On Capital Not Reflecting Well On The Business
Aug 02Does Alankit (NSE:ALANKIT) Have A Healthy Balance Sheet?
Jul 07Alankit (NSE:ALANKIT) Will Will Want To Turn Around Its Return Trends
Apr 05Are Alankit Limited's (NSE:ALANKIT) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Mar 09Why Dividend Hunters Love Alankit Limited (NSE:ALANKIT)
Feb 16Alankit (NSE:ALANKIT) Has A Somewhat Strained Balance Sheet
Jan 26Returns On Capital At Alankit (NSE:ALANKIT) Paint An Interesting Picture
Jan 05
We're Not Counting On Alankit (NSE:ALANKIT) To Sustain Its Statutory Profitability
Dec 15Declining Stock and Decent Financials: Is The Market Wrong About Alankit Limited (NSE:ALANKIT)?
Nov 24Does Alankit Limited (NSE:ALANKIT) Have A Place In Your Dividend Portfolio?
Nov 03Is Alankit (NSE:ALANKIT) A Risky Investment?
Sep 29Will The ROCE Trend At Alankit (NSE:ALANKIT) Continue?
Sep 03Is It Smart To Buy Alankit Limited (NSE:ALANKIT) Before It Goes Ex-Dividend?
Aug 16We're Not Counting On Alankit (NSE:ALANKIT) To Sustain Its Statutory Profitability
Aug 05Alankit Limited (NSE:ALANKIT) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Jul 18What Is Alankit's (NSE:ALANKIT) P/E Ratio After Its Share Price Rocketed?
Jun 22Financial Position Analysis
Short Term Liabilities: ALANKIT's short term assets (₹1.8B) exceed its short term liabilities (₹1.2B).
Long Term Liabilities: ALANKIT's short term assets (₹1.8B) exceed its long term liabilities (₹181.9M).
Debt to Equity History and Analysis
Debt Level: ALANKIT has more cash than its total debt.
Reducing Debt: ALANKIT's debt to equity ratio has reduced from 15.7% to 6.8% over the past 5 years.
Debt Coverage: ALANKIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ALANKIT earns more interest than it pays, so coverage of interest payments is not a concern.