Ingevity Balance Sheet Health
Financial Health criteria checks 1/6
Ingevity has a total shareholder equity of $214.5M and total debt of $1.4B, which brings its debt-to-equity ratio to 652.5%. Its total assets and total liabilities are $2.2B and $2.0B respectively. Ingevity's EBIT is $233.1M making its interest coverage ratio 2.6. It has cash and short-term investments of $135.5M.
Key information
652.5%
Debt to equity ratio
US$1.40b
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$135.50m |
| Equity | US$214.50m |
| Total liabilities | US$2.00b |
| Total assets | US$2.21b |
Recent financial health updates
Is Ingevity (NYSE:NGVT) A Risky Investment?
Oct 13
Ingevity (NYSE:NGVT) Use Of Debt Could Be Considered Risky
Jul 13Is Ingevity (NYSE:NGVT) A Risky Investment?
Mar 22Ingevity (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 16Recent updates
What Ingevity Corporation's (NYSE:NGVT) 32% Share Price Gain Is Not Telling You
Nov 07Is Ingevity (NYSE:NGVT) A Risky Investment?
Oct 13Ingevity Corporation's (NYSE:NGVT) Prospects Need A Boost To Lift Shares
Sep 08Ingevity: The Risk-Reward Ratio Is Still Unfavorable
Aug 27Ingevity Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 03Ingevity (NYSE:NGVT) Use Of Debt Could Be Considered Risky
Jul 13Should You Investigate Ingevity Corporation (NYSE:NGVT) At US$45.90?
Jun 14Are 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 02Financial Position Analysis
Short Term Liabilities: NGVT's short term assets ($636.8M) exceed its short term liabilities ($360.8M).
Long Term Liabilities: NGVT's short term assets ($636.8M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: NGVT's net debt to equity ratio (589.4%) is considered high.
Reducing Debt: NGVT's debt to equity ratio has increased from 280.2% to 652.5% over the past 5 years.
Debt Coverage: NGVT's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: NGVT's interest payments on its debt are not well covered by EBIT (2.6x coverage).