Inotiv Balance Sheet Health
Financial Health criteria checks 3/6
Inotiv has a total shareholder equity of $254.2M and total debt of $379.3M, which brings its debt-to-equity ratio to 149.3%. Its total assets and total liabilities are $835.5M and $581.3M respectively. Inotiv's EBIT is $5.5M making its interest coverage ratio 0.1. It has cash and short-term investments of $22.0M.
Key information
149.3%
Debt to equity ratio
US$379.34m
Debt
Interest coverage ratio | 0.1x |
Cash | US$22.00m |
Equity | US$254.16m |
Total liabilities | US$581.35m |
Total assets | US$835.51m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BS50's short term assets ($190.7M) exceed its short term liabilities ($109.5M).
Long Term Liabilities: BS50's short term assets ($190.7M) do not cover its long term liabilities ($471.9M).
Debt to Equity History and Analysis
Debt Level: BS50's net debt to equity ratio (140.6%) is considered high.
Reducing Debt: BS50's debt to equity ratio has increased from 85.9% to 149.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BS50 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BS50 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 44% per year.