Neogen Corporation (NEOG)
Quick ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 129,004 | 170,611 | 163,240 | 381,051 | 381,087 |
| Short-term investments | US$ in thousands | 0 | 325 | 82,329 | 336,578 | 305,485 |
| Receivables | US$ in thousands | 153,384 | 173,005 | 153,253 | 99,674 | 91,823 |
| Total current liabilities | US$ in thousands | 174,011 | 154,323 | 145,472 | 77,844 | 53,599 |
| Quick ratio | 1.62 | 2.23 | 2.74 | 10.50 | 14.52 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($129,004K
+ $0K
+ $153,384K)
÷ $174,011K
= 1.62
The quick ratio of Neogen Corporation exhibits a significant decline over the period from May 31, 2021, to May 31, 2025. Specifically, the ratio was notably high at 14.52 in 2021, indicating substantial liquid assets relative to current liabilities at that time. By May 31, 2022, the ratio declined to 10.50, reflecting a reduction in the company's immediate liquidity position. The trend continued into 2023, with the ratio decreasing markedly to 2.74, suggesting a further weakening in liquidity. This downward trajectory persisted through 2024 and 2025, with ratios of 2.23 and 1.62, respectively. Overall, the data indicates that Neogen Corporation's ability to quickly cover its current liabilities with liquid assets has substantially diminished over the observed period, moving from an exceptionally high liquidity position towards a more modest level, though still generally above one, which indicates the company maintained some degree of short-term liquidity throughout.
Peer comparison
May 31, 2025