Neogen Corporation (NEOG)
Current ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 551,713 | 570,447 | 540,650 | 589,233 | 602,471 | 624,373 | 583,793 | 585,931 | 555,371 | 643,333 | 607,907 | 626,798 | 608,326 | 609,950 | 609,124 | 591,451 | 555,304 | 578,426 | 556,699 | 537,406 |
| Total current liabilities | US$ in thousands | 141,200 | 151,195 | 122,689 | 154,323 | 157,844 | 176,612 | 138,130 | 145,472 | 107,155 | 152,558 | 67,004 | 77,844 | 64,403 | 61,419 | 50,762 | 53,599 | 45,942 | 44,587 | 46,442 | 48,489 |
| Current ratio | 3.91 | 3.77 | 4.41 | 3.82 | 3.82 | 3.54 | 4.23 | 4.03 | 5.18 | 4.22 | 9.07 | 8.05 | 9.45 | 9.93 | 12.00 | 11.03 | 12.09 | 12.97 | 11.99 | 11.08 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $551,713K ÷ $141,200K
= 3.91
Neogen Corporation's current ratio has shown a declining trend over the past few years, decreasing from a high of 12.97 on November 30, 2020, to 3.91 on February 28, 2025. This indicates that the company's current assets may not be as sufficient to cover its current liabilities as they were in the past. A current ratio below 1 would signify that the company may have difficulties meeting its short-term obligations. Neogen Corporation should carefully monitor its liquidity position and take necessary steps to manage its current assets and liabilities effectively to ensure financial stability and operational continuity.
Peer comparison
Feb 28, 2025