Neo Performance Materials Balance Sheet Health
Financial Health criteria checks 5/6
Neo Performance Materials has a total shareholder equity of $435.3M and total debt of $25.3M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are $627.0M and $191.7M respectively. Neo Performance Materials's EBIT is $16.7M making its interest coverage ratio -15.9. It has cash and short-term investments of $86.9M.
Key information
5.8%
Debt to equity ratio
US$25.33m
Debt
Interest coverage ratio | -15.9x |
Cash | US$86.90m |
Equity | US$435.31m |
Total liabilities | US$191.69m |
Total assets | US$627.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOPM.F's short term assets ($378.6M) exceed its short term liabilities ($122.9M).
Long Term Liabilities: NOPM.F's short term assets ($378.6M) exceed its long term liabilities ($68.8M).
Debt to Equity History and Analysis
Debt Level: NOPM.F has more cash than its total debt.
Reducing Debt: NOPM.F's debt to equity ratio has increased from 0.9% to 5.8% over the past 5 years.
Debt Coverage: NOPM.F's debt is well covered by operating cash flow (243.3%).
Interest Coverage: NOPM.F earns more interest than it pays, so coverage of interest payments is not a concern.