Alkermes Balance Sheet Health
Financial Health criteria checks 5/6
Alkermes has a total shareholder equity of $1.2B and total debt of $290.7M, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are $2.1B and $933.5M respectively. Alkermes's EBIT is $420.1M making its interest coverage ratio -53.7. It has cash and short-term investments of $773.5M.
Key information
24.2%
Debt to equity ratio
US$290.73m
Debt
Interest coverage ratio | -53.7x |
Cash | US$773.49m |
Equity | US$1.20b |
Total liabilities | US$933.54m |
Total assets | US$2.14b |
Recent financial health updates
Is Alkermes (NASDAQ:ALKS) Using Too Much Debt?
Nov 01Is Alkermes (NASDAQ:ALKS) Using Debt Sensibly?
Jul 15Does Alkermes (NASDAQ:ALKS) Have A Healthy Balance Sheet?
Mar 20Health Check: How Prudently Does Alkermes (NASDAQ:ALKS) Use Debt?
Aug 29Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?
May 16Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?
Feb 07Recent updates
Alkermes: Slimmed-Down Pharma Not A Compelling Growth Story Yet
Jan 26Is Alkermes (NASDAQ:ALKS) Using Too Much Debt?
Nov 01Alkermes' (NASDAQ:ALKS) Earnings May Just Be The Starting Point
Nov 01Is Alkermes (NASDAQ:ALKS) Using Debt Sensibly?
Jul 15There Is A Reason Alkermes plc's (NASDAQ:ALKS) Price Is Undemanding
Jun 07Is Alkermes plc (NASDAQ:ALKS) Trading At A 44% Discount?
Apr 10Does Alkermes (NASDAQ:ALKS) Have A Healthy Balance Sheet?
Mar 20Alkermes upgraded to neutral at BofA on improved risk/reward outlook
Oct 14Alkermes holder Sarissa Capital says it may look to increase its stake
Oct 07Alkermes: Nothing Stands Out As Interesting
Sep 26Health Check: How Prudently Does Alkermes (NASDAQ:ALKS) Use Debt?
Aug 29Alkermes initiated at neutral at Piper Sandler as company in transition
Aug 16Alkermes Q2 2022 Earnings Preview
Jul 26Is There An Opportunity With Alkermes plc's (NASDAQ:ALKS) 44% Undervaluation?
Jun 27Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?
May 16Alkermes: Turning The Tides Towards Profitability
Apr 16Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?
Feb 07Alkermes plc's (NASDAQ:ALKS) Intrinsic Value Is Potentially 100% Above Its Share Price
Jan 12Is Alkermes (NASDAQ:ALKS) Weighed On By Its Debt Load?
Oct 24Financial Position Analysis
Short Term Liabilities: ALKS's short term assets ($1.5B) exceed its short term liabilities ($520.2M).
Long Term Liabilities: ALKS's short term assets ($1.5B) exceed its long term liabilities ($413.3M).
Debt to Equity History and Analysis
Debt Level: ALKS has more cash than its total debt.
Reducing Debt: ALKS's debt to equity ratio has increased from 23.8% to 24.2% over the past 5 years.
Debt Coverage: ALKS's debt is well covered by operating cash flow (138.1%).
Interest Coverage: ALKS earns more interest than it pays, so coverage of interest payments is not a concern.