How much debt does Ingevity have?
According to Ingevity's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Ingevity's total debt stands at $1.45B. This is broken down into:
- Long-term debt: $1.38B
- Short-term debt: $78.20M
The company's net debt, which accounts for cash and cash equivalents, is $1.39B. In terms of overall financial obligations, Ingevity's total liabilities amount to $1.83B.
Debt Ratios and Metrics
To better understand Ingevity's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 7.45 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 71.92% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 2.94 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 87.28% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 88.17% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Ingevity's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.45B
Long-term Debt
$1.38B
Short-term Debt
$78.20M
Net Debt
$1.39B
Total Liabilities
$1.83B
Interest Coverage
2.94
Debt to Equity Ratio
7.45
Debt Ratio
71.92%
Ingevity Historical Debt Metrics
Ingevity Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.45B | $1.38B | $78.20M | $1.39B | $1.83B | 7.45 | 71.92% | 2.94 | 87.28% | 88.17% |
| 2023 | $1.53B | $1.43B | $102.00M | $1.44B | $1.99B | 2.43 | 58.50% | 3.09 | 67.01% | 70.85% |
| 2022 | $1.49B | $1.51B | $33.90M | $1.41B | $2.04B | 2.13 | 54.45% | 6.31 | 66.26% | 68.09% |
| 2021 | $1.25B | $1.18B | $54.40M | $974.60M | $1.80B | 1.86 | 50.63% | 4.77 | 63.02% | 64.98% |
| 2020 | $1.27B | $1.20B | $58.40M | $1.01B | $1.69B | 1.96 | 54.29% | 7.05 | 64.28% | 66.19% |
| 2019 | $1.23B | $1.19B | $56.70M | $1.17B | $1.61B | 2.31 | 57.28% | 6.99 | 68.39% | 69.83% |
| 2018 | $741.20M | $815.10M | $11.20M | $663.70M | $975.60M | 2.18 | 56.36% | 8.82 | 68.58% | 68.58% |
| 2017 | $444.00M | $524.00M | $9.40M | $356.10M | $652.60M | 1.60 | 47.73% | 12.84 | 61.52% | 61.52% |
| 2016 | $481.30M | $561.30M | $7.50M | $450.80M | $698.20M | 3.58 | 57.79% | 8.31 | 78.15% | 78.15% |
| 2015 | $89.00M | $160.00M | $9.40M | $57.00M | $260.00M | 0.17 | 11.38% | 7.95 | 13.40% | 14.69% |
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