Neogen Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Neogen Chemicals has a total shareholder equity of ₹7.8B and total debt of ₹5.0B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are ₹15.5B and ₹7.7B respectively. Neogen Chemicals's EBIT is ₹958.4M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹297.3M.
Key information
64.8%
Debt to equity ratio
₹5.03b
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹297.30m |
| Equity | ₹7.77b |
| Total liabilities | ₹7.73b |
| Total assets | ₹15.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 542665's short term assets (₹7.7B) exceed its short term liabilities (₹5.7B).
Long Term Liabilities: 542665's short term assets (₹7.7B) exceed its long term liabilities (₹2.1B).
Debt to Equity History and Analysis
Debt Level: 542665's net debt to equity ratio (60.9%) is considered high.
Reducing Debt: 542665's debt to equity ratio has increased from 64.5% to 64.8% over the past 5 years.
Debt Coverage: 542665's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 542665's interest payments on its debt are well covered by EBIT (3.1x coverage).