Neogen Chemicals Balance Sheet Health
Financial Health criteria checks 3/6
Neogen Chemicals has a total shareholder equity of ₹7.6B and total debt of ₹3.9B, which brings its debt-to-equity ratio to 51.8%. Its total assets and total liabilities are ₹14.6B and ₹7.0B respectively. Neogen Chemicals's EBIT is ₹871.8M making its interest coverage ratio 2.1. It has cash and short-term investments of ₹124.9M.
Key information
51.8%
Debt to equity ratio
₹3.94b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₹124.90m |
| Equity | ₹7.60b |
| Total liabilities | ₹7.01b |
| Total assets | ₹14.61b |
Recent financial health updates
Recent updates
Earnings Miss: Neogen Chemicals Limited Missed EPS By 24% And Analysts Are Revising Their Forecasts
May 05
After Leaping 27% Neogen Chemicals Limited (NSE:NEOGEN) Shares Are Not Flying Under The Radar
Apr 26Are Neogen Chemicals Limited (NSE:NEOGEN) Investors Paying Above The Intrinsic Value?
Apr 12Neogen Chemicals (NSE:NEOGEN) Is Increasing Its Dividend To ₹2.75
Aug 11Neogen Chemicals Limited (NSE:NEOGEN) Just Reported Earnings, And Analysts Cut Their Target Price
Aug 10Here's Why I Think Neogen Chemicals (NSE:NEOGEN) Is An Interesting Stock
Feb 09Neogen Chemicals' (NSE:NEOGEN) Returns On Capital Not Reflecting Well On The Business
Sep 21Neogen Chemicals' (NSE:NEOGEN) Dividend Will Be Increased To ₹2.25
Sep 05Neogen Chemicals (NSE:NEOGEN) Will Pay A Larger Dividend Than Last Year At ₹2.25
Aug 11Does Neogen Chemicals (NSE:NEOGEN) Deserve A Spot On Your Watchlist?
Jun 04Should You Think About Buying Neogen Chemicals Limited (NSE:NEOGEN) Now?
May 24Neogen Chemicals (NSE:NEOGEN) May Have Issues Allocating Its Capital
Apr 05Is Neogen Chemicals Limited's(NSE:NEOGEN) Recent Stock Performance Tethered To Its Strong Fundamentals?
Mar 07Should You Buy Neogen Chemicals Limited (NSE:NEOGEN) For Its Dividend?
Feb 21
Does Neogen Chemicals (NSE:NEOGEN) Have A Healthy Balance Sheet?
Jan 26Could The Neogen Chemicals Limited (NSE:NEOGEN) Ownership Structure Tell Us Something Useful?
Jan 13The Returns At Neogen Chemicals (NSE:NEOGEN) Provide Us With Signs Of What's To Come
Dec 31Don't Ignore The Fact That This Insider Just Sold Some Shares In Neogen Chemicals Limited (NSE:NEOGEN)
Dec 18Neogen Chemicals Limited (NSE:NEOGEN) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Dec 07If You Had Bought Neogen Chemicals (NSE:NEOGEN) Shares A Year Ago You'd Have Earned 70% Returns
Nov 23Financial Position Analysis
Short Term Liabilities: NEOGEN's short term assets (₹7.8B) exceed its short term liabilities (₹5.3B).
Long Term Liabilities: NEOGEN's short term assets (₹7.8B) exceed its long term liabilities (₹1.7B).
Debt to Equity History and Analysis
Debt Level: NEOGEN's net debt to equity ratio (50.1%) is considered high.
Reducing Debt: NEOGEN's debt to equity ratio has reduced from 170.9% to 51.8% over the past 5 years.
Debt Coverage: NEOGEN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NEOGEN's interest payments on its debt are not well covered by EBIT (2.1x coverage).