Alpex Solar Balance Sheet Health
Financial Health criteria checks 4/6
Alpex Solar has a total shareholder equity of ₹1.3B and total debt of ₹357.3M, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are ₹2.2B and ₹856.2M respectively. Alpex Solar's EBIT is ₹342.9M making its interest coverage ratio 7. It has cash and short-term investments of ₹432.6M.
Key information
27.3%
Debt to equity ratio
₹357.33m
Debt
| Interest coverage ratio | 7x |
| Cash | ₹432.59m |
| Equity | ₹1.31b |
| Total liabilities | ₹856.24m |
| Total assets | ₹2.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ALPEXSOLAR's short term assets (₹1.8B) exceed its short term liabilities (₹805.6M).
Long Term Liabilities: ALPEXSOLAR's short term assets (₹1.8B) exceed its long term liabilities (₹50.6M).
Debt to Equity History and Analysis
Debt Level: ALPEXSOLAR has more cash than its total debt.
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 (7x coverage).