Ingevity Balance Sheet Health
Financial Health criteria checks 4/6
Ingevity has a total shareholder equity of $725.7M and total debt of $1.4B, which brings its debt-to-equity ratio to 193%. Its total assets and total liabilities are $2.8B and $2.0B respectively. Ingevity's EBIT is $324.0M making its interest coverage ratio 5.1. It has cash and short-term investments of $77.9M.
Key information
193.0%
Debt to equity ratio
US$1.40b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$77.90m |
| Equity | US$725.70m |
| Total liabilities | US$2.05b |
| Total assets | US$2.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGVT *'s short term assets ($716.3M) exceed its short term liabilities ($278.8M).
Long Term Liabilities: NGVT *'s short term assets ($716.3M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: NGVT *'s net debt to equity ratio (182.3%) is considered high.
Reducing Debt: NGVT *'s debt to equity ratio has reduced from 213.4% to 193% over the past 5 years.
Debt Coverage: NGVT *'s debt is well covered by operating cash flow (21%).
Interest Coverage: NGVT *'s interest payments on its debt are well covered by EBIT (5.1x coverage).