Neo Performance Materials Balance Sheet Health
Financial Health criteria checks 5/6
Neo Performance Materials has a total shareholder equity of $427.8M and total debt of $49.4M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are $626.6M and $198.9M respectively. Neo Performance Materials's EBIT is $26.6M making its interest coverage ratio -18. It has cash and short-term investments of $101.7M.
Key information
11.5%
Debt to equity ratio
US$49.40m
Debt
Interest coverage ratio | -18x |
Cash | US$101.69m |
Equity | US$427.78m |
Total liabilities | US$198.85m |
Total assets | US$626.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N14's short term assets ($368.6M) exceed its short term liabilities ($110.0M).
Long Term Liabilities: N14's short term assets ($368.6M) exceed its long term liabilities ($88.9M).
Debt to Equity History and Analysis
Debt Level: N14 has more cash than its total debt.
Reducing Debt: N14's debt to equity ratio has increased from 1.3% to 11.5% over the past 5 years.
Debt Coverage: N14's debt is well covered by operating cash flow (109.4%).
Interest Coverage: N14 earns more interest than it pays, so coverage of interest payments is not a concern.