Alight Balance Sheet Health
Financial Health criteria checks 4/6
Alight has a total shareholder equity of $4.7B and total debt of $2.8B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $10.8B and $6.0B respectively. Alight's EBIT is $47.0M making its interest coverage ratio 0.4. It has cash and short-term investments of $358.0M.
Key information
58.9%
Debt to equity ratio
US$2.79b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$358.00m |
| Equity | US$4.74b |
| Total liabilities | US$6.04b |
| Total assets | US$10.78b |
Recent financial health updates
Recent updates
Alight, Inc. Is Preparing To Ignite A New Spark After Spin-Out Deal
Apr 20Is Alight (NYSE:ALIT) A Risky Investment?
Apr 16
Alight: Time To Buy, But Volatility Risks Not Excluded
Jan 26Alight, Inc.'s (NYSE:ALIT) P/S Is On The Mark
Dec 04Alight Q3 Earnings: Good But Not Great
Nov 01Alight: Weak BPaaS Guide Is Not A Big Issue, Reiterate Buy
Aug 15Alight: Turning Positive On The Stock Given The Updated Outlook (Rating Upgrade)
Jun 23Analyst Estimates: Here's What Brokers Think Of Alight, Inc. (NYSE:ALIT) After Its First-Quarter Report
May 12Alight reports Q4 results
Feb 21Alight falls on report of Thomas H. Lee offering 11.4M share block
Jan 19Alight: Good Secular Trends, But Stock Is Only Slightly Undervalued
Dec 12Alight announces 20M secondary stock offering, expands partner network
Nov 14Alight reports Q2 earnings; reiterating outlook for 2022, provides quarterly expectation for 2H
Aug 03Investors Met With Slowing Returns on Capital At Alight (NYSE:ALIT)
Jul 06Alight Is An Elite Company Trading At A Discount To The Market
Jun 16Alight: Quality Growth Stock Under The Radar
Dec 06Financial Position Analysis
Short Term Liabilities: ALIT's short term assets ($2.8B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: ALIT's short term assets ($2.8B) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: ALIT's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: ALIT's debt to equity ratio has reduced from 418.9% to 58.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ALIT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ALIT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.9% per year.