Alpex Solar Balance Sheet Health
Financial Health criteria checks 3/6
Alpex Solar has a total shareholder equity of ₹415.5M and total debt of ₹473.6M, which brings its debt-to-equity ratio to 114%. Its total assets and total liabilities are ₹1.3B and ₹840.5M respectively. Alpex Solar's EBIT is ₹95.4M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹125.5M.
Key information
114.0%
Debt to equity ratio
₹473.57m
Debt
Interest coverage ratio | 3.7x |
Cash | ₹125.50m |
Equity | ₹415.48m |
Total liabilities | ₹840.49m |
Total assets | ₹1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALPEXSOLAR's short term assets (₹999.7M) exceed its short term liabilities (₹750.1M).
Long Term Liabilities: ALPEXSOLAR's short term assets (₹999.7M) exceed its long term liabilities (₹90.4M).
Debt to Equity History and Analysis
Debt Level: ALPEXSOLAR's net debt to equity ratio (83.8%) is considered high.
Reducing Debt: Insufficient data to determine if ALPEXSOLAR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ALPEXSOLAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ALPEXSOLAR's interest payments on its debt are well covered by EBIT (3.7x coverage).