Neogen Balance Sheet Health
Financial Health criteria checks 2/6
Neogen has a total shareholder equity of $3.1B and total debt of $886.2M, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are $4.6B and $1.4B respectively. Neogen's EBIT is $112.0M making its interest coverage ratio 2.1. It has cash and short-term investments of $239.3M.
Key information
28.2%
Debt to equity ratio
US$886.18m
Debt
Interest coverage ratio | 2.1x |
Cash | US$239.26m |
Equity | US$3.15b |
Total liabilities | US$1.41b |
Total assets | US$4.56b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEOG *'s short term assets ($583.8M) exceed its short term liabilities ($138.1M).
Long Term Liabilities: NEOG *'s short term assets ($583.8M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: NEOG *'s net debt to equity ratio (20.6%) is considered satisfactory.
Reducing Debt: NEOG *'s debt to equity ratio has increased from 0% to 28.2% over the past 5 years.
Debt Coverage: NEOG *'s debt is not well covered by operating cash flow (8.8%).
Interest Coverage: NEOG *'s interest payments on its debt are not well covered by EBIT (2.1x coverage).