Inotiv Balance Sheet Health
Financial Health criteria checks 3/6
Inotiv has a total shareholder equity of $254.2M and total debt of $379.3M, which brings its debt-to-equity ratio to 149.3%. Its total assets and total liabilities are $835.5M and $581.3M respectively. Inotiv's EBIT is $5.5M making its interest coverage ratio 0.1. It has cash and short-term investments of $22.0M.
Key information
149.3%
Debt to equity ratio
US$379.34m
Debt
| Interest coverage ratio | 0.1x |
| Cash | US$22.00m |
| Equity | US$254.16m |
| Total liabilities | US$581.35m |
| Total assets | US$835.51m |
Recent financial health updates
Inotiv (NASDAQ:NOTV) Takes On Some Risk With Its Use Of Debt
Mar 19
Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Nov 21Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Aug 14Is Inotiv (NASDAQ:NOTV) Using Debt In A Risky Way?
May 09Recent updates
Inotiv (NASDAQ:NOTV) Takes On Some Risk With Its Use Of Debt
Mar 19Inotiv, Inc.'s (NASDAQ:NOTV) Price Is Right But Growth Is Lacking After Shares Rocket 34%
Feb 13Inotiv, Inc. (NASDAQ:NOTV) Stock Rockets 61% But Many Are Still Ignoring The Company
Dec 18Earnings Release: Here's Why Analysts Cut Their Inotiv, Inc. (NASDAQ:NOTV) Price Target To US$12.81
Dec 13Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Nov 21Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Aug 14Is Inotiv (NASDAQ:NOTV) Using Debt In A Risky Way?
May 09Inotiv adds 16% on settlement with U.S. over Virginia facility
Jul 18Inotiv completes acquisition of bioanalytical company Protypia for ~$11M
Jul 07Headwaters Capital - Inotiv: Transformation Into A Critical Full-Service Contract Research Organization
May 25Inotiv: Leading Mid-Market CRO Ups Its Game
Feb 07We Think Inotiv (NASDAQ:NOTV) Has A Fair Chunk Of Debt
Dec 08Calculating The Intrinsic Value Of Inotiv, Inc. (NASDAQ:NOTV)
Nov 17Does Inotiv (NASDAQ:NOTV) Have A Healthy Balance Sheet?
Sep 02Financial Position Analysis
Short Term Liabilities: NOTV's short term assets ($190.7M) exceed its short term liabilities ($109.5M).
Long Term Liabilities: NOTV's short term assets ($190.7M) do not cover its long term liabilities ($471.9M).
Debt to Equity History and Analysis
Debt Level: NOTV's net debt to equity ratio (140.6%) is considered high.
Reducing Debt: NOTV's debt to equity ratio has increased from 85.9% to 149.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NOTV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOTV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 44% per year.