Ingevity Balance Sheet Health
Financial Health criteria checks 1/6
Ingevity has a total shareholder equity of $631.4M and total debt of $1.4B, which brings its debt-to-equity ratio to 216.4%. Its total assets and total liabilities are $2.6B and $2.0B respectively. Ingevity's EBIT is $256.1M making its interest coverage ratio 2.9. It has cash and short-term investments of $95.9M.
Key information
216.4%
Debt to equity ratio
US$1.37b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$95.90m |
| Equity | US$631.40m |
| Total liabilities | US$1.99b |
| Total assets | US$2.62b |
Recent financial health updates
Is Ingevity (NYSE:NGVT) A Risky Investment?
Mar 22
Ingevity (NYSE:NGVT) Takes On Some Risk With Its Use Of Debt
Sep 22Ingevity (NYSE:NGVT) Takes On Some Risk With Its Use Of Debt
Jun 21We Think Ingevity (NYSE:NGVT) Can Stay On Top Of Its Debt
Feb 16Ingevity (NYSE:NGVT) Seems To Use Debt Quite Sensibly
Aug 01We Think Ingevity (NYSE:NGVT) Can Stay On Top Of Its Debt
May 02Recent updates
Are Investors Undervaluing Ingevity Corporation (NYSE:NGVT) By 44%?
Apr 18Is Ingevity (NYSE:NGVT) A Risky Investment?
Mar 22What Is Ingevity Corporation's (NYSE:NGVT) Share Price Doing?
Jan 23Ingevity Corporation (NYSE:NGVT) Doing What It Can To Lift Shares
Jan 04These Analysts Just Made An Incredible Downgrade To Their Ingevity Corporation (NYSE:NGVT) EPS Forecasts
Nov 10Is It Time To Consider Buying Ingevity Corporation (NYSE:NGVT)?
Oct 07Ingevity Corporation: The Risk To Reward Is Currently Favorable
Oct 06Ingevity (NYSE:NGVT) Takes On Some Risk With Its Use Of Debt
Sep 22Is There An Opportunity With Ingevity Corporation's (NYSE:NGVT) 31% Undervaluation?
Aug 11Ingevity Corporation: Headwinds Are Temporary
Jul 05Ingevity (NYSE:NGVT) Takes On Some Risk With Its Use Of Debt
Jun 21Is There Now An Opportunity In Ingevity Corporation (NYSE:NGVT)?
May 29We Think Ingevity (NYSE:NGVT) Can Stay On Top Of Its Debt
Feb 16Is Ingevity Corporation (NYSE:NGVT) Potentially Undervalued?
Jan 25Ingevity Corporation (NYSE:NGVT) Shares Could Be 39% Below Their Intrinsic Value Estimate
Sep 13Is It Time To Consider Buying Ingevity Corporation (NYSE:NGVT)?
Aug 22Ingevity to acquire pavement marking materials business Ozark Materials for $325M
Aug 02Ingevity (NYSE:NGVT) Seems To Use Debt Quite Sensibly
Aug 01Ingevity (NYSE:NGVT) Will Want To Turn Around Its Return Trends
Jun 05What Does Ingevity Corporation's (NYSE:NGVT) Share Price Indicate?
May 20Ingevity: Well-Diversified ESG Chemicals Company To Put On Watchlist
May 03We Think Ingevity (NYSE:NGVT) Can Stay On Top Of Its Debt
May 02Investors Could Be Concerned With Ingevity's (NYSE:NGVT) Returns On Capital
Mar 03We Think Ingevity (NYSE:NGVT) Can Stay On Top Of Its Debt
Jan 19Are Investors Undervaluing Ingevity Corporation (NYSE:NGVT) By 42%?
Dec 06Be Wary Of Ingevity (NYSE:NGVT) And Its Returns On Capital
Nov 18Is Ingevity (NYSE:NGVT) A Risky Investment?
Oct 04An Intrinsic Calculation For Ingevity Corporation (NYSE:NGVT) Suggests It's 38% Undervalued
Sep 04Investors Met With Slowing Returns on Capital At Ingevity (NYSE:NGVT)
Aug 20If You Like EPS Growth Then Check Out Ingevity (NYSE:NGVT) Before It's Too Late
Aug 05Ingevity (NYSE:NGVT) Has A Pretty Healthy Balance Sheet
Jun 28Is There An Opportunity With Ingevity Corporation's (NYSE:NGVT) 25% Undervaluation?
May 22Investors Could Be Concerned With Ingevity's (NYSE:NGVT) Returns On Capital
May 04Ingevity Corporation 2021 Q1 - Results - Earnings Call Presentation
Apr 30Financial Position Analysis
Short Term Liabilities: NGVT's short term assets ($658.6M) exceed its short term liabilities ($362.9M).
Long Term Liabilities: NGVT's short term assets ($658.6M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: NGVT's net debt to equity ratio (201.2%) is considered high.
Reducing Debt: NGVT's debt to equity ratio has increased from 198.5% to 216.4% over the past 5 years.
Debt Coverage: NGVT's debt is not well covered by operating cash flow (15%).
Interest Coverage: NGVT's interest payments on its debt are not well covered by EBIT (2.9x coverage).