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
CashUS$773.49m
EquityUS$1.20b
Total liabilitiesUS$933.54m
Total assetsUS$2.14b

Recent financial health updates

Recent updates

Alkermes: Slimmed-Down Pharma Not A Compelling Growth Story Yet

Jan 26

Is Alkermes (NASDAQ:ALKS) Using Too Much Debt?

Nov 01
Is Alkermes (NASDAQ:ALKS) Using Too Much Debt?

Alkermes' (NASDAQ:ALKS) Earnings May Just Be The Starting Point

Nov 01
Alkermes' (NASDAQ:ALKS) Earnings May Just Be The Starting Point

Is Alkermes (NASDAQ:ALKS) Using Debt Sensibly?

Jul 15
Is Alkermes (NASDAQ:ALKS) Using Debt Sensibly?

There Is A Reason Alkermes plc's (NASDAQ:ALKS) Price Is Undemanding

Jun 07
There Is A Reason Alkermes plc's (NASDAQ:ALKS) Price Is Undemanding

Is Alkermes plc (NASDAQ:ALKS) Trading At A 44% Discount?

Apr 10
Is Alkermes plc (NASDAQ:ALKS) Trading At A 44% Discount?

Does Alkermes (NASDAQ:ALKS) Have A Healthy Balance Sheet?

Mar 20
Does Alkermes (NASDAQ:ALKS) Have A Healthy Balance Sheet?

Alkermes upgraded to neutral at BofA on improved risk/reward outlook

Oct 14

Alkermes holder Sarissa Capital says it may look to increase its stake

Oct 07

Alkermes: Nothing Stands Out As Interesting

Sep 26

Health Check: How Prudently Does Alkermes (NASDAQ:ALKS) Use Debt?

Aug 29
Health Check: How Prudently Does Alkermes (NASDAQ:ALKS) Use Debt?

Alkermes initiated at neutral at Piper Sandler as company in transition

Aug 16

Alkermes Q2 2022 Earnings Preview

Jul 26

Is There An Opportunity With Alkermes plc's (NASDAQ:ALKS) 44% Undervaluation?

Jun 27
Is There An Opportunity With Alkermes plc's (NASDAQ:ALKS) 44% Undervaluation?

Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

May 16
Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

Alkermes: Turning The Tides Towards Profitability

Apr 16

Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

Feb 07
Alkermes (NASDAQ:ALKS) Has Debt But No Earnings; Should You Worry?

Alkermes plc's (NASDAQ:ALKS) Intrinsic Value Is Potentially 100% Above Its Share Price

Jan 12
Alkermes plc's (NASDAQ:ALKS) Intrinsic Value Is Potentially 100% Above Its Share Price

Is Alkermes (NASDAQ:ALKS) Weighed On By Its Debt Load?

Oct 24
Is Alkermes (NASDAQ:ALKS) Weighed On By Its Debt Load?

Financial 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.


Balance Sheet


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