Neogen Balance Sheet Health
Financial Health criteria checks 2/6
Neogen has a total shareholder equity of $3.1B and total debt of $888.8M, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are $4.6B and $1.4B respectively. Neogen's EBIT is $130.5M making its interest coverage ratio 2. It has cash and short-term investments of $170.5M.
Key information
28.3%
Debt to equity ratio
US$888.82m
Debt
Interest coverage ratio | 2x |
Cash | US$170.54m |
Equity | US$3.15b |
Total liabilities | US$1.44b |
Total assets | US$4.58b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NG2's short term assets ($602.5M) exceed its short term liabilities ($157.8M).
Long Term Liabilities: NG2's short term assets ($602.5M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: NG2's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: NG2's debt to equity ratio has increased from 0% to 28.3% over the past 5 years.
Debt Coverage: NG2's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: NG2's interest payments on its debt are not well covered by EBIT (2x coverage).