Neogen Corporation (NEOG)
Current ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 576,937 | 589,233 | 585,931 | 626,798 | 591,451 |
| Total current liabilities | US$ in thousands | 174,011 | 154,323 | 145,472 | 77,844 | 53,599 |
| Current ratio | 3.32 | 3.82 | 4.03 | 8.05 | 11.03 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $576,937K ÷ $174,011K
= 3.32
The current ratio of Neogen Corporation has demonstrated a consistent decline over the analyzed period from May 31, 2021, to May 31, 2025. Specifically, the current ratio was recorded at 11.03 in May 2021, indicating a strong liquidity position with substantial current assets relative to current liabilities. By May 2022, this ratio decreased to 8.05, reflecting a reduction in short-term liquidity, though it remained at a high level. The downward trend continued in subsequent years, with the ratio dropping to 4.03 in May 2023, further indicating a significant decline in the company's ability to cover its short-term obligations with current assets. As of May 31, 2024, the ratio stood at 3.82, continuing the trend of decreased liquidity. The most recent data from May 2025 shows the current ratio at 3.32, marking a substantial reduction from the initial period but still above the commonly considered threshold of 1.0, suggesting that the company maintains sufficient short-term liquidity to meet current liabilities. Overall, the trend indicates a gradual erosion in Neogen's liquidity position over the examined period.
Peer comparison
May 31, 2025