Neo Performance Materials Balance Sheet Health
Financial Health criteria checks 4/6
Neo Performance Materials has a total shareholder equity of $425.8M and total debt of $45.1M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are $639.5M and $213.7M respectively. Neo Performance Materials's EBIT is $22.2M making its interest coverage ratio 3. It has cash and short-term investments of $64.9M.
Key information
10.6%
Debt to equity ratio
US$45.07m
Debt
| Interest coverage ratio | 3x |
| Cash | US$64.94m |
| Equity | US$425.76m |
| Total liabilities | US$213.71m |
| Total assets | US$639.47m |
Recent financial health updates
Recent updates
Estimating The Intrinsic Value Of Neo Performance Materials Inc. (TSE:NEO)
Sep 28
Neo Performance Materials Inc. (TSE:NEO) Shares Fly 27% But Investors Aren't Buying For Growth
Jun 27Neo Performance Materials (TSE:NEO) Will Be Hoping To Turn Its Returns On Capital Around
Jun 15We Like The Quality Of Neo Performance Materials' (TSE:NEO) Earnings
May 22Neo Performance Materials Inc.'s (TSE:NEO) Subdued P/S Might Signal An Opportunity
May 11Neo Performance Materials (TSE:NEO) Has Affirmed Its Dividend Of $0.10
Dec 14Neo Performance Materials' (TSE:NEO) Dividend Will Be $0.10
Nov 29Neo Performance Materials (TSE:NEO) Has Announced A Dividend Of $0.10
Aug 25Neo Performance Materials (TSE:NEO) Has Announced A Dividend Of $0.10
Jun 15Neo Performance Materials (TSE:NEO) Is Paying Out A Dividend Of $0.10
May 20Neo Performance Materials (TSE:NEO) Is Paying Out A Dividend Of $0.10
Mar 09Returns On Capital Are Showing Encouraging Signs At Neo Performance Materials (TSE:NEO)
Feb 02At CA$10.72, Is It Time To Put Neo Performance Materials Inc. (TSE:NEO) On Your Watch List?
Dec 06Neo Performance Materials' (TSE:NEO) Dividend Will Be $0.10
Nov 17Is Neo Performance Materials (TSE:NEO) A Risky Investment?
Nov 13Neo Performance Materials (TSE:NEO) Is Due To Pay A Dividend Of $0.10
Sep 08With EPS Growth And More, Neo Performance Materials (TSE:NEO) Makes An Interesting Case
Sep 03Neo Performance Materials' (TSE:NEO) Returns On Capital Are Heading Higher
Aug 21Financial Position Analysis
Short Term Liabilities: NEO's short term assets ($354.7M) exceed its short term liabilities ($136.8M).
Long Term Liabilities: NEO's short term assets ($354.7M) exceed its long term liabilities ($76.9M).
Debt to Equity History and Analysis
Debt Level: NEO has more cash than its total debt.
Reducing Debt: NEO's debt to equity ratio has increased from 0% to 10.6% over the past 5 years.
Debt Coverage: NEO's debt is well covered by operating cash flow (74%).
Interest Coverage: NEO's interest payments on its debt are not well covered by EBIT (3x coverage).