Neptune Wellness Solutions Inc
TSX:NEPT
Bankruptcy Probability
Neptune Wellness Solutions Inc's probability of bankruptcy is 15.5%, signalling a meaningful chance of default. The solvency score is 23/100 — a sign of moderate financial strength.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Financial Position
A solvent company is one that owns more than it owes. Comparing the amount of cash and investments with existing debt gives an idea of the company's long-term financial health.
| Mar 31, 2023 | 2m |
| Mar 31, 2022 | 0 |
| Mar 31, 2021 | 0 |
| Mar 31, 2023 | 0 |
| Mar 31, 2022 | 0 |
| Mar 31, 2021 | 0 |
| Mar 31, 2023 | 15.4m |
| Mar 31, 2022 | 0 |
| Mar 31, 2021 | 0 |
Interest Coverage
To determine how easily a company can pay interest on its outstanding debt, the Interest Coverage ratio is used. It represents how many times the company can pay its obligations using its operating income.
The lower the ratio, the more the company is burdened by debt expenses. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable.
| Mar 31, 2023 | -43.9m |
| Mar 31, 2022 | -65.2m |
| Mar 31, 2021 | -74.2m |
| Mar 31, 2023 | 369.5k |
| Mar 31, 2022 | 970.9k |
| Mar 31, 2021 | 689.6k |
| Mar 31, 2023 | 0 |
| Mar 31, 2022 | 0 |
| Mar 31, 2021 | 0 |
All Solvency Ratios
Other solvency & liquidity ratios which help to assess the company’s capacity to stay afloat.
| Mar 31, 2023 | -1.2909 |
| Mar 31, 2022 | |
| Mar 31, 2021 |
| Mar 31, 2023 | 1.386 |
| Mar 31, 2022 | |
| Mar 31, 2021 |
| Mar 31, 2023 | 0.0486 |
| Mar 31, 2022 | |
| Mar 31, 2021 |
| Mar 31, 2023 | 0.049 |
| Mar 31, 2022 | |
| Mar 31, 2021 |
| Mar 31, 2023 | 0.5739 |
| Mar 31, 2022 | |
| Mar 31, 2021 |
| Mar 31, 2023 | -20.6149 |
| Mar 31, 2022 | |
| Mar 31, 2021 |
Neptune Wellness Solutions Inc's probability of bankruptcy is 15.5%, signalling a meaningful chance of default.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Neptune Wellness Solutions Inc has total debt of 15.7m CAD. This includes both short-term (0 CAD) and long-term (15.7m CAD) debt.
You can find a full breakdown on its Balance Sheet.
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