Neogen Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Neogen Chemicals has a total shareholder equity of ₹5.0B and total debt of ₹4.8B, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are ₹12.0B and ₹7.0B respectively. Neogen Chemicals's EBIT is ₹855.5M making its interest coverage ratio 2.6. It has cash and short-term investments of ₹420.7M.
Key information
96.3%
Debt to equity ratio
₹4.79b
Debt
Interest coverage ratio | 2.6x |
Cash | ₹420.70m |
Equity | ₹4.97b |
Total liabilities | ₹7.05b |
Total assets | ₹12.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542665's short term assets (₹7.2B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: 542665's short term assets (₹7.2B) exceed its long term liabilities (₹1.8B).
Debt to Equity History and Analysis
Debt Level: 542665's net debt to equity ratio (87.9%) is considered high.
Reducing Debt: 542665's debt to equity ratio has reduced from 169.4% to 96.3% over the past 5 years.
Debt Coverage: 542665's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: 542665's interest payments on its debt are not well covered by EBIT (2.6x coverage).