Inotiv Balance Sheet Health
Financial Health criteria checks 2/6
Inotiv has a total shareholder equity of $170.5M and total debt of $393.3M, which brings its debt-to-equity ratio to 230.7%. Its total assets and total liabilities are $781.4M and $610.9M respectively.
Key information
230.7%
Debt to equity ratio
US$393.34m
Debt
| Interest coverage ratio | n/a |
| Cash | US$21.43m |
| Equity | US$170.50m |
| Total liabilities | US$610.86m |
| Total assets | US$781.36m |
Recent financial health updates
Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Dec 06
Inotiv (NASDAQ:NOTV) Takes On Some Risk With Its Use Of Debt
Mar 19Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Nov 21Recent updates
Is Inotiv (NASDAQ:NOTV) A Risky Investment?
Dec 06Inotiv, Inc.'s (NASDAQ:NOTV) 57% Dip In Price Shows Sentiment Is Matching Revenues
Apr 26Inotiv (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 07Financial Position Analysis
Short Term Liabilities: NOTV's short term assets ($163.4M) exceed its short term liabilities ($119.0M).
Long Term Liabilities: NOTV's short term assets ($163.4M) do not cover its long term liabilities ($491.8M).
Debt to Equity History and Analysis
Debt Level: NOTV's net debt to equity ratio (218.1%) is considered high.
Reducing Debt: NOTV's debt to equity ratio has increased from 155% to 230.7% 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: NOTV has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if NOTV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Inotiv, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Hewitt | Craig-Hallum Capital Group LLC |
| David Windley | Jefferies LLC |
| Jeffrey Cohen | Ladenburg Thalmann & Company |