Neo Performance Materials (TSX:NEO) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Neo Performance Materials Debt-to-Equity?

Neo Performance Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$9.1 Mil. Neo Performance Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$63.9 Mil. Neo Performance Materials's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$574.8 Mil. Neo Performance Materials's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Neo Performance Materials's Debt-to-Equity or its related term are showing as below:

TSX:NEO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.13
Current: 0.13

During the past 8 years, the highest Debt-to-Equity Ratio of Neo Performance Materials was 0.13. The lowest was 0.01. And the median was 0.02.

TSX:NEO's Debt-to-Equity is ranked better than
73.67% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs TSX:NEO: 0.13

Neo Performance Materials Debt-to-Equity Historical Data

The historical data trend for Neo Performance Materials's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Neo Performance Materials Debt-to-Equity Chart

Neo Performance Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.02

0.11

0.07

Neo Performance Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.07	0.07	0.07	0.13

Competitive Comparison of Neo Performance Materials's Debt-to-Equity

For the Specialty Chemicals subindustry, Neo Performance Materials's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Neo Performance Materials's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neo Performance Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Neo Performance Materials's Debt-to-Equity falls into.

Neo Performance Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Neo Performance Materials's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.224	+	34.246)	/	579.768
	=	0.07

Neo Performance Materials's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.125	+	63.895)	/	574.818
	=	0.13

Neo Performance Materials (TSX:NEO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Neo Performance Materials Debt-to-Equity Related Terms

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Neo Performance Materials (TSX:NEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neo Performance Materials Inc (TSX:NEO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NOPMF:USA N14:Germany

Address

121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9

Website

https://www.neomaterials.com

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.

Executives

Rahim Suleman

Director, Senior Officer